M&A Deal Summary

Bestseller AS Acquires M and M Direct

On June 16, 2014, Bestseller AS acquired retailer M and M Direct from TA Associates for 140M GBP

Acquisition Highlights
  • This is Bestseller AS’s 1st transaction in the Retail sector.
  • This is Bestseller AS’s largest (disclosed) transaction.
  • This is Bestseller AS’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2014-06-16
Target M and M Direct
Sector Retail
Buyer(s) Bestseller AS
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 140M GBP
Advisor(s) Canaccord Genuity (Financial)
Macfarlanes (Legal)

Target

M and M Direct

Leominster, United Kingdom
M and M Direct is the online and mail order retailer of discounted lifestyle, fashion and sports apparel and footwear in the UK. The company has longstanding relationships with major clothing brands providing it access to high quality end-of-line clearance apparel. M and M offers over 100-plus brands on its website, which receives 15 million visitors per year and through its catalogues which reach over 1.5 million consumers.

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Buyer(S) 1

Buyer

Bestseller AS

Brande, Denmark
Category Company
Founded 1975
Sector Apparel/Textiles
DESCRIPTION

BESTSELLER provides affordable fashion for women, men, teenagers and children. BESTSELLER markets their products in most of Europe, the Middle East, Canada, India and globally via e-commerce. The company has more than 3,000 chain stores across 38 markets worldwide and the products are sold in approximately 12,000 multi-brand and department stores in 53 markets worldwide.

DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-14 Miinto Group

Copenhagen, Denmark

Miinto Group is an online fashion retailer of clothing, shoes, bags and jewellery collections for men and women.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 173 of 255
Sector (Retail) 4 of 6
Type (Add-on Acquisition) 99 of 130
Country (United Kingdom) 7 of 11
Year (2014) 4 of 10
Size (of disclosed) 47 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-10 TierPoint

St. Louis, Missouri, United States

TierPoint is a provider of data center colocation, internet connectivity, managed services, cloud services, and disaster recovery services. TierPoint was founded in 2010 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 Arcserve

Eden Prairie, Minnesota, United States

Arcserve is a provider of data protection software solutions that enable mid-market, SMB and enterprise customers to backup, replicate and recover unstructured and mission critical data across a hybrid of complex storage and recovery environments. Arcserve was founded in 1990 and is based in Eden Prairie, Minnesota.

Buy -
Mergr

Product

Company

Legal