M&A Deal Summary

Lion Capital Acquires Jimmy Choo

On December 1, 2004, private equity firm Lion Capital acquired apparel/textiles company Jimmy Choo from Phoenix Equity Partners

Acquisition Highlights
  • This is Lion Capital’s 1st transaction in the Apparel/Textiles sector.
  • This is Lion Capital’s 2nd transaction in the United Kingdom.
Investment Fate
  • Jimmy Choo was sold to a consortium of financial buyers in 2007 for 185M GBP.
  • Jimmy Choo was sold to a strategic buyer in 2011 for 811M USD.
  • Jimmy Choo was divested to a consortium of strategic buyers in 2017 for 1.4B USD.

M&A Deal Summary
Date 2004-12-01
Target Jimmy Choo
Sector Apparel/Textiles
Buyer(s) Lion Capital
Sellers(s) Phoenix Equity Partners
Deal Type Secondary Buyout

Target

Jimmy Choo

London, United Kingdom
Jimmy Choo is a branded designer, wholesaler and retailer of women’s shoes remain the core of the product offering, alongside handbags, small leather goods, scarves, sunglasses, eyewear, belts, fragrance and men’s shoes. Jimmy Choo was founded in 1996 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Lion Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 4.3B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Lion Capital LLP is a specialist private equity firm focused on consumer-oriented opportunities throughout Europe and North America. Specific areas of interest include apparel, accessories, luxury goods, food, and specialty retail. Lion Capital LLP was formed in 2004 and is based in London. The Firm has an additional office in New York City.

DEAL STATS #
Overall 3 of 42
Sector (Apparel/Textiles) 1 of 6
Type (Secondary Buyout) 1 of 20
Country (United Kingdom) 2 of 10
Year (2004) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-01 Materne

Chef Du Pont, France

Materne is the French producer of ambient dairy desserts (80% market share), marketed under the "Mont Blanc" trophy brand. Additionally, the company produces and markets the brand of concentrated milk Gloria. Materne was founded in 1881 and is based in Chef Du Pont, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-11 Wagamama

Southwark, United Kingdom

Wagamama provides pan-Asian inspired cuisine serving food based on Japanese cuisine with 108 restaurants around the world. Wagamama was formed in 1992 and is based in London. United Kingdom.

Buy £103M

Seller(S) 1

SELLER

Phoenix Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Phoenix Equity Partners is a mid-market private equity firm that funds management buyouts and buy-ins, and provides expansion capital for UK-based companies. Phoenix looks for opportunities valued up to £200 million. Target sectors include consumer, leisure, retail, financial services, healthcare, education, media, transportation/logistics, and business services. Phoenix Equity Partners was formed in 2001 and is based in London.

DEAL STATS #
Overall 4 of 45
Sector (Apparel/Textiles) 1 of 5
Type (Secondary Buyout) 2 of 22
Country (United Kingdom) 2 of 43
Year (2004) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-16 HPI Group Holdings

Salisbury, United Kingdom

HPI is a provider of vehicle checking services to motor dealerships, finance and insurance companies, the police, individuals and a range of trade bodies. HPI’s database of information on all motor vehicles in the UK, allows its users to prevent fraud and to ensure that a vehicle is purchased with good title.

Sell £120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-22 Weststar Holidays

Exeter, United Kingdom

Weststar owned and operated four high quality freehold holiday parks in the South of England. The business was founded in 1988 and acquired in February 2005 by Phoenix for £31.5 million from Deborah Meaden, who remained a non-executive director and a significant minority shareholder.

Buy £32M
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