M&A Deal Summary

Bucherer Acquires Tourneau

On January 31, 2018, Bucherer acquired retailer Tourneau from Leonard Green & Partners

Acquisition Highlights
  • This is Bucherer’s 1st transaction in the Retail sector.
  • This is Bucherer’s 1st transaction in the United States.
  • This is Bucherer’s 1st transaction in New York.

M&A Deal Summary

Date 2018-01-31
Target Tourneau
Sector Retail
Buyer(s) Bucherer
Sellers(s) Leonard Green & Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Latham & Watkins (Legal)

Target

Tourneau

New York City, New York, United States
Tourneau, Inc. is a luxury watch retailer in the United States with 28 retail locations across 10 states.

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Buyer(S) 1

Buyer

Bucherer

Lucerne, Switzerland

Category Company
Sector Retail
DESCRIPTION

Bucherer is a retailer of high-end watches, jewelry, and other products. Bucherer is based in Lucerne, Switzerland.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.


DEAL STATS #
Overall 32 of 54
Sector: Retail M&A 10 of 15
Type: Add-on Acquisition M&A Deals 8 of 10
State: New York M&A 2 of 2
Country: United States M&A 31 of 51
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-29 ProMach

Covington, Kentucky, United States

ProMach is a provider of complete packaging machinery solutions, engineering and integration services, and related aftermarket products and services. ProMach brands operate across the entire packaging spectrum: filling and capping, flexibles, pharma, product handling, labeling and coding, and end of line. ProMach also provides Performance Services including integrated solutions, design/build, engineering services, and productivity software to optimize packaging line design and deliver maximum uptime. ProMach was founded in 1998 and is based in Covington, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 SRS Distribution

McKinney, Texas, United States

SRS Distribution is a distributor of residential roofing materials and supplies in the U.S. SRS has over 160 branches in more than 40 states serving a diverse group of roofing contractors, home builders, and retailers. SRS Distribution was founded in 2008 and is based in McKinney, Texas.

Buy $3.0B