M&A Deal Summary

Bed Bath & Beyond Acquires World Market

On May 9, 2012, Bed Bath & Beyond acquired retailer World Market for 550M USD

Acquisition Highlights
  • This is Bed Bath & Beyond’s 4th transaction in the Retail sector.
  • This is Bed Bath & Beyond’s largest (disclosed) transaction.
  • This is Bed Bath & Beyond’s 4th transaction in the United States.
  • This is Bed Bath & Beyond’s 1st transaction in California.
Investment Fate
  • World Market was divested to a consortium of buyers in 2020.

M&A Deal Summary
Date 2012-05-09
Target World Market
Sector Retail
Buyer(s) Bed Bath & Beyond
Deal Type Add-on Acquisition
Deal Value 550M USD
Advisor(s) Solomon Partners (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

World Market

Alameda, California, United States
Cost Plus storefront in Atlanta, Georgia.
Cost Plus storefront in Atlanta, Georgia.
World Market is a specialty retailer of casual home furnishings and entertainment products in the United States. The Company operates more than 250 stores under the names World Market, Cost Plus World Market, Cost Plus Imports, and World Market Stores in 30 states. World Market was formed in 1946 and is based in Alameda, California.

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Buyer(S) 1

Buyer

Bed Bath & Beyond

Union, New Jersey, United States
Category Company
Founded 1971
Sector Retail
Employees32,000
Revenue 7.9B USD (2022)
DESCRIPTION
Bed Bath & Beyond storefront in Duluth, Minnesota.
Bed Bath & Beyond storefront in Duluth, Minnesota.

Bed Bath & Beyond is a retailer selling a wide assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online, with a mobile device or through a contact center. In addition, the Company operates Of a Kind, an e-commerce website that features specially commissioned, limited edition items from emerging fashion and home designers, and One Kings Lane, an authority in home décor and design that offers a unique collection of select home goods, designer and vintage items. The Company also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. Bed Bath & Beyond was founded in 1971 and is based in Union, New Jersey.

DEAL STATS #
Overall 4 of 7
Sector (Retail) 4 of 4
Type (Add-on Acquisition) 4 of 7
State (California) 1 of 2
Country (United States) 4 of 7
Year (2012) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-22 buybuy BABY

Garden City, New York, United States

buybuy BABY is a retailer of infant and toddler merchandise.

Buy $86M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Linen Holdings

Gibbsboro, New Jersey, United States

Linen Holdings is a high service supplier of bath, bed and table linens and other textile products primarily on a replacement basis to small and mid-sized U.S. accounts in the hospitality, health care, government and school sectors.

Buy $105M
Mergr

Product

Company

Legal