M&A Deal Summary

Samsonite International Acquires Tumi

On March 4, 2016, Samsonite International acquired consumer products company Tumi for 1.8B USD

Acquisition Highlights
  • This is Samsonite International’s 6th transaction in the Consumer Products sector.
  • This is Samsonite International’s largest (disclosed) transaction.
  • This is Samsonite International’s 5th transaction in the United States.
  • This is Samsonite International’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2016-03-04
Target Tumi
Sector Consumer Products
Buyer(s) Samsonite International
Deal Type Add-on Acquisition
Deal Value 1.8B USD
Advisor(s) Goldman Sachs (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Tumi

South Plainfield, New Jersey, United States
website
Tumi is a manufacturer and supplier of travel suitcases and bags.

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Buyer(S) 1

Buyer

Samsonite International

Luxembourg, Luxembourg

website

Category Company
Founded 1910
Sector Consumer Products
Revenue 1.5B USD (2020)
DESCRIPTION

Samsonite International designs, manufactures, and distributes luggage. The Company's products include suitcases, garment bags, casual bags, business cases, clothing, shoes, and accessories. Samsonite also licenses their trademarks for use on products such as travel accessories, leather goods, handbags, clothing, and furniture. Samsonite International was incorpoprated in 1910 and is based in Luxembourg City, Luxembourg.

DEAL STATS #
Overall 8 of 9
Sector (Consumer Products) 6 of 6
Type (Add-on Acquisition) 7 of 8
State (New Jersey) 1 of 1
Country (United States) 5 of 6
Year (2016) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-02 Chic Accent

Italy

Chic Accent is an operator of 31 leased premium accessories, handbags, and travel luggage shops in shopping malls.

Buy €9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-07 eBags

Greenwood Village, Colorado, United States

eBags, Inc. is an online provider of bags and related accessories for all lifestyles. eBags, Inc. was founded in 1999 and is based in Greenwood Village, Colorado.

Buy $105M
Mergr

Product

Company

Legal