M&A Deal Summary

Caleres Acquires Bennett Footwear Group

On March 14, 2005, Caleres acquired apparel/textiles company Bennett Footwear Group from New Heritage Capital for 205M USD

Acquisition Highlights
  • This is Caleres’ 1st transaction in the Apparel/Textiles sector.
  • This is Caleres’ 3rd largest (disclosed) transaction.
  • This is Caleres’ 1st transaction in the United States.
  • This is Caleres’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2005-03-14
Target Bennett Footwear Group
Sector Apparel/Textiles
Buyer(s) Caleres
Sellers(s) New Heritage Capital
Deal Type Add-on Acquisition
Deal Value 205M USD
Advisor(s) Bear Stearns & Co. Inc. (Financial)

Target

Bennett Footwear Group

Needham, Massachusetts, United States
Bennett Footwear Group is a diversified women's and children's footwear company that markets and distributes branded and private label footwear.

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Buyer(S) 1

Buyer

Caleres

St. Louis, Missouri, United States
Category Company
Founded 1878
Sector Retail
Employees5,100
Revenue 2.8B USD (2024)
DESCRIPTION

Caleres originally founded as Brown Shoe Company, Inc., is a global footwear retailer and wholesale. Caleres operates retail shoe stores and e-commerce websites as well as designs, sources and markets footwear for women and men. Caleres was incorporated in 1878 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 1 of 7
Sector (Apparel/Textiles) 1 of 7
Type (Add-on Acquisition) 1 of 5
State (Massachusetts) 1 of 1
Country (United States) 1 of 7
Year (2005) 1 of 1
Size (of disclosed) 3 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-07 Edelman Shoe

New York, New York, United States

Edelman Shoe, Inc. is a designer and marketer of fashion footwear.

Buy -

Seller(S) 1

SELLER

New Heritage Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New Heritage Capital LLC is a private investment firm specializing in the acquisition and equity-based recapitalization of private, family owned businesses. Heritage looks to invest in growing, middle-market companies with at least $30 million in annual revenue and EBITDA of at least $4 million. Target sectors include aerospace, consumer products, food/beverage, media/publishing, healthcare, manufacturing, pet products, plastics/packaging, printing, and value-added distribution. New Heritage Capital LLC was formed in 2006 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 22
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 9
State (Massachusetts) 1 of 1
Country (United States) 1 of 19
Year (2005) 1 of 5
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-30 Rivien Health

United States

Rivien Health LLC is a provider of outpatient rehabilitation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-25 Butler Schein Health Supply

Dublin, Ohio, United States

Butler Schein Health Supply is a distributor of companion animal health products to veterinarians. Butler Schein Health Supply is based in Dublin, Ohio.

Sell -
Mergr

Product

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