M&A Deal Summary

TPG Acquires Republic Retail

On June 19, 2010, private equity firm TPG acquired retailer Republic Retail from Change Capital Partners for 300M GBP

Acquisition Highlights
  • This is TPG’s 8th transaction in the Retail sector.
  • This is TPG’s 83rd largest (disclosed) transaction.
  • This is TPG’s 7th transaction in the United Kingdom.
Investment Fate
  • Republic Retail merged with another company in 2013.

M&A Deal Summary

Date 2010-06-19
Target Republic Retail
Sector Retail
Buyer(s) TPG
Sellers(s) Change Capital Partners
Deal Type Secondary Buyout
Deal Value 300M GBP

Target

Republic Retail

Leeds, United Kingdom
website
Republic Retail is a UK apparel retailer of young adult fashion with a differentiated multi-brand concept offering consumers a wide range of proprietary house brands and 3rd party brands.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 150 of 401
Sector (Retail) 8 of 12
Type (Secondary Buyout) 11 of 63
Country (United Kingdom) 7 of 16
Year (2010) 10 of 28
Size (of disclosed) 83 of 100
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-15 FoldRx Pharmaceuticals

Cambridge, Massachusetts, United States

FoldRx Pharmaceuticals is a development and discovery company focusing on first-in-class, disease-modifying, small molecule therapeutics to treat diseases of protein misfolding and aggregation (amyloidosis). The Company's lead product, FX-4006, has begun a Phase II/III study in familial amyloid polyneuropathy. FoldRx Pharmaceuticals was founded in 2003 and is based in Cambridge, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-05 Rumo

Curitiba, Brazil

Rumo is a provider of rail transportation services. Rumo offers logistics services primarily for exporting commodities, including integrated solutions for transportation, handling, storage, and shipping from the production centers to the principal ports in the south and southeast of Brazil. Rumo was founded in 1997 and is headquartered in Curitiba, Brazil.

Buy -

Seller(S) 1

SELLER

Change Capital Partners

London, United Kingdom

Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Change Capital Partners LLP (CCP) is a specialist private equity firm that invests in mid-market retail and consumer goods businesses throughout Europe. CCP seeks controlling positions and looks to invest €20 to €50 million in companies valued from €20 to €250 million. The Firm will consider a variety of transaction situations, including buyouts, corporate divestitures, turnarounds and take privates. Change Capital Partners LLP was formed in 2003 and is based in London.


DEAL STATS #
Overall 3 of 6
Sector (Retail) 1 of 1
Type (Secondary Buyout) 2 of 3
Country (United Kingdom) 2 of 3
Year (2010) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-19 Hallhuber

Munich, Germany

Hallhuber GmbH is a German women’s wear brand with a distinct positioning of stylish, elegant and distinguished clothes, appreciated by its customers for the high quality of its product and its in-store service.

Buy €25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-20 Sebeto

Napoli, Italy

Sebeto is an operator of casual-dining restaurants in Italy and 11 other countries, including the flagship Rossopomodoro pizza chain. Rossopomodoro is one of the best-known restaurant chains in Italy, with a strong identity and a very high brand awareness. It has more than 60 branches across the country and more than 20 outlets internationally, including the US, the UK, Germany, Denmark, and Turkey.

Buy €54M