M&A Deal Summary

Centric Brands and WHP Global Acquire Joe s Jeans

On November 5, 2021, Centric Brands and WHP Global acquired apparel/textiles company Joe s Jeans from Victory Park Capital Advisors

Acquisition Highlights
  • This is Centric Brands’ 5th and WHP Global’s 4th transaction in the Apparel/Textiles sector.
  • This is Centric Brands’ 3rd and WHP Global’s 5th transaction in the United States.
  • This is Centric Brands’ 2nd and WHP Global’s 2nd transaction in California.

M&A Deal Summary
Date 2021-11-05
Target Joe s Jeans
Sector Apparel/Textiles
Buyer(s) Centric Brands
WHP Global
Sellers(s) Victory Park Capital Advisors
Deal Type Add-on Acquisition

Target

Joe s Jeans

Los Angeles, California, United States
Joe's Jeans is a denim brand that has redefined with its inherently LA sensibility and distinctive point-of-view. With an emphasis on incorporating technology into design, the brand creates product for men, women, and kids that is innovative and fits flawlessly. It offers denim, apparel, and accessories and is available at premium department stores in the United States, at specialty boutiques globally, 10 Joe’s Jeans stores, and at the digital flagship www.joesjeans.com. Joe’s Jeans was formed in 2001 and is based in Los Angeles, California.

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Buyer(S) 2

Buyer

Centric Brands

New York, New York, United States
Category Company
Founded 1987
Sector Apparel/Textiles
Revenue 597M USD (2018)
DESCRIPTION

Centric Brands is a design, development, production, and marketing of apparel products. Centric Brands was founded in 1987 and is based in Commerce, California.

DEAL STATS #
Overall 5 of 6
Sector (Apparel/Textiles) 5 of 6
Type (Add-on Acquisition) 3 of 3
State (California) 2 of 2
Country (United States) 3 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-27 Global Brands Group Holding - North American Division

China

Global Brands Group Holding Ltd. - North American Division comprised of licensed brands such as Disney, Star Wars, Calvin Klein, Under Armour, Tommy Hilfiger, BCBG, bebe, Joe’s, Buffalo David Bitton, Frye, Michael Kors, Cole Haan and Kenneth Cole.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Daytona Apparel Group - Hosiery Division

New York, New York, United States

Daytona Apparel Group's Hosiery Division is a designer, manufacturer, and distributor of stockings, socks, and tights.

Buy -
Buyer

WHP Global

New York, New York, United States
Category Company
Founded 2019
Sector Apparel/Textiles
DESCRIPTION

WHP Global acquires and manages consumer brands. The Company seeks out and acquires global consumer brands across all category verticals, and then focuses on building those brands in high-growth distribution channels including digital commerce platforms, product licensing, and through global expansion. WHP Global was founded in 2019 and is based in New York, New York.

DEAL STATS #
Overall 5 of 11
Sector (Apparel/Textiles) 4 of 8
Type (Add-on Acquisition) 1 of 4
State (California) 2 of 2
Country (United States) 5 of 9
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 William Rast

Los Angeles, California, United States

William Rast is a clothing line, started first as a denim line, later evolving into a men's and women's clothing line. William Rast was founded in 2005 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-14 Lotto

Trevignano, Italy

Lotto is a footwear and sportswear manufacturing company. The company has long blended Italian sport design with specialized sport expertise, in a diversified portfolio of products. Lotto was founded in 1973 and is based in Trevignano, Italy.

Buy -

Seller(S) 1

SELLER

Victory Park Capital Advisors

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2007
Size Large
Type Sector Agnostic
DESCRIPTION

Victory Park Capital Advisors is an alternative investment firm focused on providing debt and equity capital to small and middle-market companies in a variety of sectors of situations. The Firm generally looks to provide funding to 'sound' companies in need of liquidity and/or restructuring. Victor Park's target investment size range is $5 to $100 million. Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 10 of 11
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (California) 2 of 2
Country (United States) 8 of 9
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Upstart

San Mateo, California, United States

Upstart is an AI lending marketplace, connecting millions of consumers to 100+ banks and credit unions that leverage Upstart’s AI models and cloud applications to deliver superior credit products. With Upstart AI, lenders can approve more borrowers at lower rates across races, ages, and genders, while delivering the exceptional digital-first experience customers demand. Upstart was founded in 2012 and is based in San Mateo, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-20 American Plastics

St. Louis, Missouri, United States

American Plastics is a manufacturer, importer, and distributor of commercial cleaning and consumer storage products. American Plastics markets its branded products under the Continental Commercial Products, Contico, Wilen, and Fundamentals banners. American Plastics is based in St. Louis, Missouri.

Sell -
Mergr

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