M&A Deal Summary

Endless Acquires TJ Hughes

On March 29, 2011, private equity firm Endless acquired retailer TJ Hughes from Silverfleet Capital

Acquisition Highlights
  • This is Endless’ 6th transaction in the Retail sector.
  • This is Endless’ 18th transaction in the United Kingdom.
Investment Fate
  • TJ Hughes went bankrupt in 2012.

M&A Deal Summary

Date 2011-03-29
Target TJ Hughes
Sector Retail
Buyer(s) Endless
Sellers(s) Silverfleet Capital
Deal Type Secondary Buyout

Target

TJ Hughes

Liverpool, United Kingdom
TJ Hughes Plc is specialize in home and fashion, fragrance and cosmetics, technology, and electrical products in the United Kingdom.

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Buyer(S) 1

Buyer

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.


DEAL STATS #
Overall 18 of 76
Sector: Retail M&A 6 of 13
Type: Secondary Buyout M&A Deals 4 of 19
Country: United Kingdom M&A 18 of 73
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-14 AMCO

Barnsley, United Kingdom

AMCO is a provider of construction, engineering, property development and manufacturing services.

Sell £41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-10 Crown Paints

Darwen, United Kingdom

Crown Paints is an Anglo – Irish manufacturer and distributor of branded paint to the retail and trade sector. Crown Paints has two manufacturing sites in the North of England and a network of over 135 crown decorating centers across the UK and Ireland.

Sell -

Seller(S) 1

SELLER

Silverfleet Capital

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Silverfleet Capital is an independent private equity firm that invests in market leading businesses in growing sectors. Silverfleet looks to acquire companies headquartered in Western Europe or US-based businesses with a substantial European presence. Target companies are typically valued between €75 and €500 million and operate in sectors spanning business and financial services, healthcare, leisure, and retail/consumer. Silverfleet Capital was formerly known as PPM Capital, operating under Prudential plc. Silverfleet has offices in London, Paris, Munich, and Chicago.


DEAL STATS #
Overall 21 of 42
Sector: Retail M&A 3 of 5
Type: Secondary Buyout M&A Deals 15 of 24
Country: United Kingdom M&A 11 of 18
Year: 2011 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-23 Sotera Health

Broadview Heights, Ohio, United States

Sotera Health, along with its business entities, provides an integrated protector of global health, providing mission-critical services to the medical device, pharmaceutical, tissue, and food industries. Sotera Health operates 61 facilities in 13 countries. Sotera Health serves more than 5,000 customers worldwide, including 75 of the top 100 medical device manufacturers. Sotera Health was formed in 2015 and is based in Broadview Heights, Ohio.

Sell $675M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-26 Lifetime

Bristol, United Kingdom

Lifetime is a vocational training provider, offers pre-employment training, Apprenticeship programmes and training courses to over 15,000 people a year nationwide in the fitness, retail, care and hospitality sectors. Lifetime was founded in 1995 and is based in Bristol, United Kingdom.

Buy -