M&A Deal Summary

Macy s Acquires Bluemercury

On February 3, 2015, Macy s acquired retailer Bluemercury from The Invus Group for 210M USD

Acquisition Highlights
  • This is Macy s’ 3rd transaction in the Retail sector.
  • This is Macy s’ 2nd largest (disclosed) transaction.
  • This is Macy s’ 3rd transaction in the United States.
  • This is Macy s’ 1st transaction in Washington.

M&A Deal Summary

Date 2015-02-03
Target Bluemercury
Sector Retail
Buyer(s) Macy s
Sellers(s) The Invus Group
Deal Type Add-on Acquisition
Deal Value 210M USD
Advisor(s) Goldman Sachs (Financial)
Cooley LLP
Patterson Belknap Webb & Tyler LLP (Legal)

Target

Bluemercury

Washington, DC, Washington, United States
website
Bluemercury is a retailer of high quality and innovative beauty and apothecary products through an integrated retail and direct service model.

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Buyer(S) 1

Buyer

Macy s

New York, New York, United States

website


Category Company
Founded 1830
Sector Retail
Employees123,000
Revenue 25.3B USD (2022)
DESCRIPTION
Macy's storefront on Michigan Avenue in downtown Chicago.
Macy's storefront on Michigan Avenue in downtown Chicago.

Macy's is a large retail company that sells a variety of clothing and home goods through department stores and online. The company operates the Macy’s and Bloomingdale’s brands with about 840 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s; the macys.com and bloomingdales.com websites, and 13 Bloomingdale’s Outlet stores. Macy's was founded in 1830 and is based in New York, New York.


DEAL STATS #
Overall 3 of 4
Sector (Retail) 3 of 4
Type (Add-on Acquisition) 2 of 2
State (Washington) 1 of 1
Country (United States) 3 of 4
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-22 Lord & Taylor

New York, New York, United States

Founded in 1826, Lord & Taylor is an upscale specialty department store, with 48 stores in 9 states and the District of Columbia. Lord & Taylor has built a reputation for attentive customer service and high-quality merchandise focused on apparel and accessories products for women, men, and children.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-12 b8ta

San Francisco, California, United States

b8ta is a software-powered retailer designed to improve the customer and maker experience. b8ta operates flagships stores throughout the US. including San Francisco, New York and Santa Monica with the mission of helping customers discover, try, buy and learn about new products while empowering makers with a simple retail-as-a-service model that puts them in control. Earlier this year, b8ta launched Built by b8ta, a service model which further expands upon retail-as-a-service, by helping to build and operate flagship stores for emerging brands.

Buy -

Seller(S) 1

SELLER

The Invus Group

New York, New York, United States

website


Category Private Equity Firm
Founded 1985
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Invus Group is a private, global investment firm that makes equity investments in private and public companies. For private companies, Invus seeks control as well as minority investments in high-growth companies where the firm can add strategic value. For public companies, Invus looks to invest in small to mid-cap stocks that are trading below the firm's assessment of their intrinsic business value. Areas of interest include consumer products and services, food, specialty retail, software, biotech, medical devices and products and services to professionals. Invus typically targets investments in the US, Europe, and Asia. The Invus Group was formed in 1985 and is based in New York City.


DEAL STATS #
Overall 4 of 5
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Washington) 1 of 1
Country (United States) 3 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Juice Beauty

San Rafael, California, United States

Juice Beauty is a clinically validated and authentically organic beauty product. Juice Beauty was founded in 2000 and is based in San Rafael, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 SnagAJob

Glen Allen, Virginia, United States

SnagAJob is an online community of hourly workers and a provider of workforce management solutions that allow employers to more effectively hire and manage their hourly workforce. SnagAJob was established in 1999 and is based in Glen Allen, Virginia.

Buy -