M&A Deal Summary

Apax Acquires rue21

On May 23, 2013, private equity firm Apax acquired e-commerce company rue21 for 1.1B USD

Acquisition Highlights
  • This is Apax’s 1st transaction in the E-Commerce sector.
  • This is Apax’s 23rd largest (disclosed) transaction.
  • This is Apax’s 55th transaction in the United States.
  • This is Apax’s 4th transaction in Pennsylvania.
Investment Fate
  • rue21 went bankrupt in 2017.

M&A Deal Summary

Date 2013-05-23
Target rue21
Sector E-Commerce
Buyer(s) Apax
Deal Type Going Private
Deal Value 1.1B USD
Advisor(s) Perella Weinberg Partners (Financial)

Target

rue21

Warrendale, Pennsylvania, United States
rue21 is a specialty apparel retailer offering exclusive branded merchandise and the newest trends at a great value. rue21 is based in Warrendale, Pennsylvania.

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Buyer(S) 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 STATS #
Overall 147 of 266
Sector: E-Commerce M&A 1 of 4
Type: Going Private M&A Deals 14 of 23
State: Pennsylvania M&A 4 of 5
Country: United States M&A 55 of 107
Year: 2013 M&A 2 of 5
Size (of disclosed) 23 of 55
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-03 Central European Media Enterprises

Hamilton, Bermuda

Central European Media Enterprises is an Eastern European free-to-air TV company that owns and operates a portfolio of commercial TV stations in six Eastern European countries, reaching approximately 82 million people across the Czech Republic, Romania, Slovenia, Slovak Republic, Croatia, and Bulgaria. Central European Media Enterprises is based in Hamilton, Bermuda.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-19 Maisons du Monde

Vertou, France

Maisons du Monde is a creator of inspirational lifestyle universes in the homeware industry, offering distinctive and affordable decoration and furniture collections that showcase multiple styles. The Group develops its business through an integrated and complementary omnichannel approach, leveraging its international network of stores, websites, and catalogs. Maisons du Monde was founded in 1996 and is based in Vertou, France.

Sell €650M