M&A Deal Summary

PVH Acquires Tommy Hilfiger

On March 15, 2010, PVH acquired apparel/textiles company Tommy Hilfiger from Apax for 3.0B USD

Acquisition Highlights
  • This is PVH’s 6th transaction in the Apparel/Textiles sector.
  • This is PVH’s largest (disclosed) transaction.
  • This is PVH’s 6th transaction in the United States.
  • This is PVH’s 3rd transaction in New York.

M&A Deal Summary

Date 2010-03-15
Target Tommy Hilfiger
Sector Apparel/Textiles
Buyer(s) PVH
Sellers(s) Apax
Deal Type Add-on Acquisition
Deal Value 3.0B USD

Target

Tommy Hilfiger

New York City, New York, United States
website
The Tommy Hilfiger Group is a worldwide apparel and retail company offering consumers a breadth of beautifully designed, high quality products including men's, women's and children's apparel, sportswear, denim and a range of licensed products such as accessories, fragrances and home furnishings.

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Buyer(S) 1

Buyer

PVH

New York, New York, United States

website


Category Company
Founded 1881
Sector Apparel/Textiles
Employees20,000
Revenue 7.1B USD (2021)
DESCRIPTION

PVH is a manufacturer, marketer, licensor, and retailer of globally recognized apparel brands such as Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, Arrow, Speedo, Warner's, Olga, Geoffrey Beene, and True&Co. PVH was founded in 1881 and is based in New York, New York.


DEAL STATS #
Overall 6 of 10
Sector (Apparel/Textiles) 6 of 9
Type (Add-on Acquisition) 6 of 9
State (New York) 3 of 5
Country (United States) 6 of 9
Year (2010) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Mulberry Neckwear

Madison Avenue, New York, United States

Mulberry Neckwear, founded in 1989, designs, manufactures, and distributes neckties throughout the United States. The Company licenses major name brands and sells through department and specialty stores.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-31 The Warnaco Group

New York, New York, United States

The Warnaco Group, Inc. provides textile,clothing. Solds its products under several brand names.

Buy $2.9B

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 46 of 163
Sector (Apparel/Textiles) 1 of 3
Type (Add-on Acquisition) 19 of 57
State (New York) 3 of 8
Country (United States) 15 of 63
Year (2010) 3 of 18
Size (of disclosed) 9 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-12 Promethean

Blackburn, United Kingdom

Promethean creates, develops and supplies leading edge, interactive learning technology and is a leading player in the interactive collaboration technologies space making and supplying Interactive Whiteboards along with in-class voting systems, remote tablets and associated software and content.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Bezeq

Holon, Israel

Bezeq is a telecommunications company. Bezeq’s Fixed Line business provides core telephony services and high-speed Internet infrastructure. Bezeq’s mobile subsidiary, Pelephone, offers cellular voice services and products. Bezeq International provides broadband internet services, international long distance and owns the leading Israeli web portal Walla!. Bezeq was founded in 1980 and is based in Tel Aviv, Israel.

Sell -