M&A Deal Summary

Hunter Douglas Acquires Hillarys Blinds

On May 11, 2017, Hunter Douglas acquired furniture company Hillarys Blinds from American Capital and European Capital for 300M GBP

Acquisition Highlights
  • This is Hunter Douglas’ 1st transaction in the Furniture sector.
  • This is Hunter Douglas’ largest (disclosed) transaction.
  • This is Hunter Douglas’ 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2017-05-11
Target Hillarys Blinds
Sector Furniture
Buyer(s) Hunter Douglas
Sellers(s) American Capital
European Capital
Deal Type Add-on Acquisition
Deal Value 300M GBP

Target

Hillarys Blinds

Colwick, United Kingdom
website
Hillarys Blinds Ltd. is a provider of made-to-measure window blinds. Manufactures, sells, and delivers a full in-home measuring and fitting service. Hillarys Blinds was founded in 2001 and is based in Colwick, United Kingdom.

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Buyer(S) 1

Buyer

Hunter Douglas

Rotterdam, Netherlands

website


Category Company
Founded 1919
Sector Consumer Products
Revenue 3.5B EUR (2020)
DESCRIPTION

Hunter Douglas is a manufacturer of window coverings as well as a major manufacturer of architectural products. The company develops innovative, high-quality, proprietary products that can be found in millions of homes and commercial buildings around the globe. it operates as a highly decentralized, global federation of small and medium-sized companies that manufacture and market similar products. Hunter Douglas was incorporated in 1919 and is based in Rotterdam, Netherlands.


DEAL STATS #
Overall 10 of 11
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 6 of 7
Country (United Kingdom) 3 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-17 Levolor Home Fashions

High Point, North Carolina, United States

Levolor Home Fashions, Inc. is a provider of window covering products to the North American home center channels.

Buy $270M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 Vertilux Corp PTY

Tullamarine, Australia

Vertilux is a commercial window covering fabricator located in Australia.

Buy -

Seller(S) 2

SELLER

American Capital

website


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 182 of 194
Sector (Furniture) 2 of 2
Type (Add-on Acquisition) 85 of 87
Country (United Kingdom) 1 of 1
Year (2017) 2 of 8
Size (of disclosed) 12 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 American Driveline Systems

Horsham, Pennsylvania, United States

American Driveline Systems, Inc. is the franchisor of AAMCO and Cottman Transmission & Total Auto Care brands. AAMCO and Cottman are the #1 and #2 transmission repair retail chains in North America, respectively, with nearly 700 franchised units in 47 states and three provinces with more than 60 percent brand awareness. The Company is also a remanufacturer of transmissions and related parts through its Global Powertrain Systems (“GPS”) division, which provides franchisees a reliable and price competitive solution for their transmission needs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 SharkNinja

Needham, Massachusetts, United States

SharkNinja is a designer, marketer, and distributor of primarily branded home cleaning products. It offers over 50 different appliance products, including products for general cleaning, garment care, and kitchen use. The company markets its products under recognized brand names such as Shark, Euro-Pro, Fantom, Omega, and Bravetti, and maintains longstanding relationships with well-known retailers. SharkNinja was formed in 1994 and is based in Needham, Massachusetts.

Sell -
SELLER

European Capital

London, United Kingdom

website


Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

European Capital is the European investment affiliate of American Capital. European Capital looks to provide a variety of investment and financing solutions including unitranche debt, mezzanine capital, senior debt, and equity co-investment. Funds are typically used to support buyouts, recapitalizations, finance growth, and make acquisitions. European Capital is sector agnostic, however the Firm has a preference for investments in the consumer, technology, manufacturing, services, and distribution sectors. European Capital was formed in 2005 and is based in London.


DEAL STATS #
Overall 49 of 52
Sector (Furniture) 2 of 2
Type (Add-on Acquisition) 15 of 16
Country (United Kingdom) 10 of 11
Year (2017) 1 of 2
Size (of disclosed) 13 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-18 Onduline

Suresnes, France

Onduline is a manufacturing and marketing bitumen based roofing materials mainly roofing sheets and roof deck sheets. Onduline develops, produces and sells light building materials produced from recycled fibers and oil. Onduline was founded in 1944 and is based in Suresnes, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-09 Euro-Druckservice

Passau, Germany

Euro-Druckservice offers digital services as well as storage, fulfillment, and logistics services operating from 12 locations across Central and Eastern Europe (CEE), and is one of the markets in industrial printing. Web offset printing is best suited to large runs of time-sensitive products, particularly magazines and tactical promotional print for multiple retailers. Euro-Druckservice was founded in 1992 and is based in Passau, Germany.

Sell -