M&A Deal Summary

Ermenegildo Zegna Acquires Thom Browne

On August 28, 2018, Ermenegildo Zegna acquired apparel/textiles company Thom Browne from Sandbridge Capital for 500M USD

Acquisition Highlights
  • This is Ermenegildo Zegna’s 1st transaction in the Apparel/Textiles sector.
  • This is Ermenegildo Zegna’s largest (disclosed) transaction.
  • This is Ermenegildo Zegna’s 1st transaction in the United States.
  • This is Ermenegildo Zegna’s 1st transaction in New York.

M&A Deal Summary
Date 2018-08-28
Target Thom Browne
Sector Apparel/Textiles
Buyer(s) Ermenegildo Zegna
Sellers(s) Sandbridge Capital
Deal Type Add-on Acquisition
Deal Value 500M USD

Target

Thom Browne

New York, New York, United States
website
Thom Browne, Inc. began his business with five suits and a small by-appointment-only shop in 2001 and subsequently introduced his first ready-to-wear collection in 2003. Browne’s innovations in tailoring have been closely identified with positively impacting the paradigm of men’s and women’s fashion. To wit, Browne has been honored with the CFDA Menswear Designer of the Year Award in 2006 and 2013, the GQ Designer of the Year in 2008 and the Cooper Hewitt National Design Award in 2012.

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Buyer(S) 1

Buyer

Ermenegildo Zegna

Trivero, Italy

website

Category Company
Founded 1910
Sector Apparel/Textiles
DESCRIPTION

Ermenegildo Zegna is a luxury menswear brand and one of the most renowned businesses, by the young entrepreneur Ermenegildo, whose vision was to ethically create the world’s finest textiles through innovation and the sourcing of the noblest fibers directly from their markets of origin. Ermenegildo Zegna was Founded in 1910 and and is based in Trivero, Italy.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Sandbridge Capital

Investor

website

Category Private Equity Firm
Founded 2010
Size Middle-Market
Type Sector Focused
DESCRIPTION

Sandbridge Capital LLC is a private equity firm focused on the retail and consumer sectors. Specific areas of interest include retail, apparel and accessory brands, health, beauty and wellness, consumer durables/products. Sandbridge Capital looks to invest $10 to $20 million per transaction and will consider a variety of situations, including co-investing with other private equity firms. Sandbridge Capital was formed in 2010 and is based in New York City.

DEAL STATS #
Overall 1 of 5
Sector (Apparel/Textiles) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (New York) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-27 Youth To The People

Los Angeles, California, United States

Youth To The People produces natural anti-aging skincare products powered by superfoods and perfected by science. Youth To The People was founded in 2015 and is based in Los Angeles, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 ILIA Beauty

Laguna Beach, California, United States

ILIA Beauty is a provider of clean color cosmetics that offers a full face assortment of more than 100 distinct high-performance products crafed with certified organic ingredients and nontoxic synthetics to ensure that each delivers beyond the expectations of natural makeup. ILIA Beauty is based in Laguna Beach, California.

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