Divestiture • Apparel/Textiles

Apax Acquires Cole Haan

On November 16, 2012, private equity firm Apax acquired apparel/textiles company Cole Haan from Nike for 570M USD

Acquisition Context
  • This is Apax’s 5th transaction in the Apparel/Textiles sector.
  • This is Apax’s 38th largest (disclosed) transaction.
  • This is Apax’s 53rd transaction in the United States.
  • This is Apax’s 8th transaction in New York.

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M&A Deal Summary

Date November 16, 2012
Target Cole Haan
Sector Apparel/Textiles
Buyer(s) Apax
Sellers(s) Nike
Deal Type Divestiture
Deal Value 570M USD

Target Company

Cole Haan

New York, New York, United States
Entrance to a Cole Haan retail store in Chicago, Illinois.
Entrance to a Cole Haan retail store in Chicago, Illinois.
Cole Haan is a designer and retailer of premium men's and women's footwear, apparel, and accessories. The company's brand represents craftsmanship, style, and innovation. It sells through department stores, 108 domestic Cole Haan stores, 68 international stores across Canada, China, and Japan, and its online site. Cole Haan was formed in 1928 and is based in New York City.
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Buyer Overview 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B 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 Context for Buyer #
Overall 145 of 266
Sector: Apparel/Textiles 5 of 5
Type: Divestiture 14 of 28
State: New York 8 of 19
Country: United States 53 of 107
Year: 2012 5 of 5
Size (of disclosed) 38 of 55
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-02 Stelliant

Paris, France

Stelliant is a provider of loss adjustment services for insurance companies, repair in kind, claims management and real estate diagnosis. Stelliant was founded in 1987 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-23 LR Health & Beauty Systems

Ahlen, Germany

LR Health and Beauty Systems is an international direct sales company specialising in cosmetics and nutrition products. LR Health & Beauty Systems was founded in 1985 and is based in Ahlen, Germany.

Sell €250M

Seller Profile 1

SELLER

Nike

Beaverton, Oregon, United States

Category Company
Founded 1964
Sector Apparel/Textiles
Employees79,400
Revenue 51.4B USD (2024)
DESCRIPTION

Nike is a designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities. Nike was founded in 1964 and is based in Beaverton, Oregon.


Deal Context for Seller #
Overall 4 of 5
Sector: Apparel/Textiles 3 of 4
Type: Divestiture 2 of 3
State: New York 1 of 1
Country: United States 3 of 4
Year: 2012 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-24 Umbro

Cheadle, United Kingdom

Umbro plc is a designer, marketer and full line supplier of branded and licensed soccer products. Branded products consist of uniforms, warm-up gear, footwear and active casual wear. Umbro was formed in 1924 and is headquartered in Cheadle, England.

Sell $225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 Zodiac

St. Louis, Missouri, United States

Zodiac, Inc. is a consumer data analytics firm. Zodiac is based in St. Louis, Missouri.

Buy -