Buyout (LBO, MBO, MBI) • Apparel/Textiles

3i Private Equity and L Capital Management Acquire Gant AB

On July 1, 2003, private equity firms 3i Private Equity and L Capital Management acquired apparel/textiles company Gant AB for 105M EUR

Acquisition Context
  • This is 3i Private Equity’s 2nd and L Capital Management’s 1st transaction in the Apparel/Textiles sector.
  • This is 3i Private Equity’s 39th and L Capital Management’s largest (disclosed) transaction.
  • This is 3i Private Equity’s 5th and L Capital Management’s 1st transaction in Sweden.
Investment Fate
  • Gant AB went public in 2006.
  • Gant AB was sold to a strategic buyer in 2008 for 600M EUR.

Explore All 508 Buyout (LBO, MBO, MBI) Apparel/Textiles Deals - Search the Database Free


M&A Deal Summary

Date July 1, 2003
Target Gant AB
Sector Apparel/Textiles
Buyer(s) 3i Private Equity
L Capital Management
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 105M EUR

Target Company

Gant AB

Stockholm, Sweden
Gant's corporate headquarters in Stockholm.
Gant's corporate headquarters in Stockholm.
GANT is a lifestyle brand for men and women. Epitomizing 'American Casualness with European Elegance', GANT's values are based on the brand's east coast heritage from the start of the company in the USA. Today, GANT is established in 54 countries via 154 GANT stores as well as a great number of selected premium retailers. Over the past 10-year period, company revenue has grown significantly year on year. GANT offers the full range of clothing and accessories for men, boys and babies. Watches, Footwear, Eyewear, Fragrance and Home products are licenses incorporated under the GANT brand name.
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Buyers Overview 2

Buyer

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 21.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


Deal Context for Buyer #
Overall 50 of 251
Sector: Apparel/Textiles 2 of 6
Type: Buyout (LBO, MBO, MBI) 38 of 115
Country: Sweden 5 of 16
Year: 2003 5 of 9
Size (of disclosed) 39 of 64
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 Novotema

Villongo, Italy

Novotema SpA is a designer, manufacturer of specialty sealing solutions for use in the building products, gas control, transportation, industrial and water markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-01 SVP

Bois-Colombes, France

SVP provides management consulting services to businesses and local governments. It offers legislation, finance, accounting, human resources, business life, and market consulting services. SVP was founded in 1935 and is headquartered in Bois-Colombes, France.

Buy £40M
Buyer

L Capital Management

Paris, France

Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

L Capital Management is a private equity firm that focuses on acquiring businesses primarily in Europe and also look for potential opportunities in North America and Asia. It looks to invests €15 - €60 million in companies with revenues of €30 - €400 million. The firm seeks to hold both minority and majority stake in portfolio companies along with co-investors. Specific areas of interest include personal care and well-being, personal equipment, home and family equipment and selective retailing. Types of transaction include LBO’s and growth capital financing. L Capital is sponsored by the LVMH Group and Groupe Arnault. L Capital was formed in 2001 and is based Paris, France with additional offices in Milan, Italy and Madrid, Spain.


Deal Context for Buyer #
Overall 6 of 26
Sector: Apparel/Textiles 1 of 8
Type: Buyout (LBO, MBO, MBI) 5 of 16
Country: Sweden 1 of 1
Year: 2003 2 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-01 Energy Brands

New York, New York, United States

Glacèau is a provider of enhanced water sold under the brand names, vitaminwater, smartwater and fruitwater.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-03 Antichi Pellettieri

Cavriago, Italy

Antichi Pelletieri is a holding company of 8 Italian brands in the accessible luxury segment of leather apparel, shoes and accessories. Products are sold in Europe through a network of over 350 monobrand and multibrand stores.

Buy -