M&A Deal Summary

Brentwood Associates Acquires Boston Proper

On January 19, 2016, private equity firm Brentwood Associates acquired retailer Boston Proper from Chico s FAS

Acquisition Highlights
  • This is Brentwood Associates’ 9th transaction in the Retail sector.
  • This is Brentwood Associates’ 28th transaction in the United States.
  • This is Brentwood Associates’ 1st transaction in Florida.

M&A Deal Summary

Date 2016-01-19
Target Boston Proper
Sector Retail
Buyer(s) Brentwood Associates
Sellers(s) Chico s FAS
Deal Type Divestiture

Target

Boston Proper

Boca Raton, Florida, United States
Boston Proper is a specialty retailer of women’s high-end apparel and accessories inspired by women who are fearlessly feminine, enviably chic and possess the poise and confidence to Wear It Like No One Else®. Characterized by highly differentiated merchandise and a desirable and aspirational look, the brand emphasizes an iconic, classy and sexy aesthetic, delivering on-trend styles with age-appropriate fits that cultivate glamour and inspire individuality. Boston Proper was founded in 1992 and is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

Brentwood Associates

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brentwood Associates is a private equity firm focused on long-term investments in middle-market growth companies. Brentwood typically targets investments in consumer-related businesses. Specific areas of interest include action sports/outdoor lifestyle products, business services, consumer products/services, direct marketing, distribution, education, health/wellness, marketing services, specialty media, specialty retail, and sporting goods. Brentwood's preferred equity investment size is $50 to $200 million. Brentwood Associates was formed in 1972 and is based in Los Angeles.


DEAL STATS #
Overall 31 of 48
Sector (Retail) 9 of 9
Type (Divestiture) 3 of 3
State (Florida) 1 of 3
Country (United States) 28 of 45
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 J. Mclaughlin

Brooklyn, New York, United States

J. Mclaughlin is a designer, marketer and multi-channel retailer of classic American sportswear with modern relevance. J. Mclaughlin was founded in 1977 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Wiland

Niwot, Colorado, United States

Wiland leverages its database of billions of transactions from 240+ million consumers to produce powerful business intelligence and high-performance marketing audiences by using proprietary data science and predictive analytics. The company’s clients span multiple industries, including: automotive, retail, financial services, home and personal services, travel and hospitality, publishing and media, charitable, and political. Wiland was formed in 2005 and is based in Niwot, Colorado.

Buy -

Seller(S) 1

SELLER

Chico s FAS

Fort Myers, Florida, United States

Category Company
Founded 1983
Sector Apparel/Textiles
Employees12,700
Revenue 2.1B USD (2023)
DESCRIPTION
Entrance to Chico's headquarters in Fort Myers, Florida.
Entrance to Chico's headquarters in Fort Myers, Florida.

Chico's FAS is a retailer focused on women older than 35. The Company’s portfolio consists of four brands: Chico’s, White House | Black Market, and Soma Intimates. The Company's brands are all specialty retailers of private label women’s apparel, accessories, and related products, which are available to customers in stores, through websites and via telephone through a call center. Chico's FAS was founded in 1983 and is based in Fort Myers, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-17 Boston Proper

Boca Raton, Florida, United States

Boston Proper is a specialty retailer of women’s high-end apparel and accessories inspired by women who are fearlessly feminine, enviably chic and possess the poise and confidence to Wear It Like No One Else®. Characterized by highly differentiated merchandise and a desirable and aspirational look, the brand emphasizes an iconic, classy and sexy aesthetic, delivering on-trend styles with age-appropriate fits that cultivate glamour and inspire individuality. Boston Proper was founded in 1992 and is based in Boca Raton, Florida.

Buy $205M