Add-on Acquisition • Retail

Banner Group Acquires Staples UK

On August 8, 2020, Banner Group acquired retailer Staples UK from Hilco Capital

Acquisition Context
  • This is Banner Group’s 1st transaction in the Retail sector.
  • This is Banner Group’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date August 8, 2020
Target Staples UK
Sector Retail
Buyer(s) Banner Group
Sellers(s) Hilco Capital
Deal Type Add-on Acquisition

Target Company

Staples UK

High Wycombe, United Kingdom
Staples UK Ltd. is a provider of office supplies through stores and online. Staples helps small business customers make more happen by providing a broad assortment of products, expanded business services, and easy ways to shop – in stores, online, via mobile, or through social apps. Staples UK is based in High Wycombe, United Kingdom.
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Buyer Overview 1

Buyer

Banner Group

Wakefield, United Kingdom

Category Company
Sector Distribution
DESCRIPTION

Banner Group Ltd. is a distributor of workplace products, with stock holding in excess of £50m. Banner Group has over 350 fleet vehicles, making over 18,000 deliveries per day. Banner Group picks over 100,000 lines per day in our 650,000 plus square feet of warehousing. Banner Group is based in Wakefield, United Kingdom.


Deal Context for Buyer #
Overall 1 of 1
Sector: Retail 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2020 1 of 1

Seller Profile 1

DESCRIPTION

Hilco Capital is the investment arm of financial advisory group Hilco Global. Hilco Capital principally seeks to acquire or provide funding to UK-based companies in the retail, consumer products, manufacturing, engineering, and distribution sectors. The Firm will invest equity or debt capital and can invest up to £150 million per transaction. Hilco has a special interest acquiring troubled or distressed companies. Hilco Capital was formed in 2000 and is headquartered in London.


Deal Context for Seller #
Overall 4 of 5
Sector: Retail 3 of 3
Type: Add-on Acquisition 3 of 4
Country: United Kingdom 3 of 4
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Anglia Crown

Essex, United Kingdom

Anglia Crown is an independent chilled and frozen prepared meal manufacturer in the healthcare sector. The business has historically focussed on the healthcare sector, working with over 100 hospitals. Anglia Crown was founded in 1992 and is based in Essex, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 Anglia Crown

Essex, United Kingdom

Anglia Crown is an independent chilled and frozen prepared meal manufacturer in the healthcare sector. The business has historically focussed on the healthcare sector, working with over 100 hospitals. Anglia Crown was founded in 1992 and is based in Essex, United Kingdom.

Sell -