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M&A Deal Summary

Anchorage Capital Partners Acquires David Jones

On December 19, 2022, private equity firm Anchorage Capital Partners acquired retailer David Jones

Acquisition Highlights
  • This is Anchorage Capital Partners’ 5th transaction in the Retail sector.
  • This is Anchorage Capital Partners’ 17th transaction in Australia.

M&A Deal Summary
Date 2022-12-19
Target David Jones
Sector Retail
Buyer(s) Anchorage Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

David Jones

Burnley, Australia
David Jones is an operator of a 43 departmental stores locations across Australia and New Zealand. David Jones was founded in 1838 and is based in Burnley, Australia.

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Buyer(S) 1

Buyer

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.

DEAL STATS #
Overall 23 of 25
Sector (Retail) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 8 of 8
Country (Australia) 17 of 17
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 Evolve Education Group

Auckland, New Zealand

Evolve Education Group is an early childhood education business consisting of a national portfolio of 105 centres offer care and inspirational learning in vibrant centres equipped with the latest educational resources. Evolve Education Group was formed in 2014 and is based in Auckland, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 Access

Wellington, New Zealand

Access provides in-home personal care and domestic assistance to a range of elderly, injured and disabled clients, as well as in-home nursing services. Access is based in Wellington, New Zealand.

Buy NZ$50M
Mergr

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