M&A Deal Summary

Country Road Acquires Witchery Fashions Pty

On October 2, 2012, Country Road acquired retailer Witchery Fashions Pty from Gresham Private Equity Fund for 172M USD

Acquisition Highlights
  • This is Country Road’s 1st transaction in the Retail sector.
  • This is Country Road’s largest (disclosed) transaction.
  • This is Country Road’s 1st transaction in the United States.

M&A Deal Summary
Date 2012-10-02
Target Witchery Fashions Pty
Sector Retail
Buyer(s) Country Road
Sellers(s) Gresham Private Equity Fund
Deal Type Add-on Acquisition
Deal Value 172M USD

Target

Witchery Fashions Pty

Collingwood, United States
Witchery Fashions Pty Ltd. is a apparel retailer through its focus on fashionably designed and high quality ladies apparel.

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Buyer(S) 1

Buyer

Country Road

Melbourne, Australia
Category Company
Founded 1974
Sector Retail
Revenue 381M AUD (2010)
DESCRIPTION

Country Road is a middle-market clothing retailer located in Australia and New Zealand with 68 free-standing stores and 77 department store concessions.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Gresham Private Equity Fund

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 525M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gresham Private Equity is the private equity arm of financial advisory firm Gresham Partners. Gresham Private Equity seeks buyout, growth capital, public to private, and buy and build investments in Australia and New Zealand. The Firm seeks transactions valued from $100 to $500 million. Target sectors include business services, marine, distribution, apparel, industrial products, communications, and consumer services. Gresham Private Equity was established in 1999 and is based in Sydney.

DEAL STATS #
Overall 8 of 10
Sector (Retail) 1 of 2
Type (Add-on Acquisition) 4 of 6
Country (United States) 1 of 1
Year (2012) 1 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-06 Walker Technical Resources

Aberdeen, United States

Walker specialises in composite repairs to pipework and structural assets for the oil and gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Noel Leeming

Auckland, New Zealand

Noel Leeming is Noel Leeming Group?s flagship retail brand. It strives to offer a superior standard of service and the widest possible range of branded consumer technology and appliances. Noel Leeming promises its customers that it will never knowingly be undersold. It provides comprehensive after sales support.

Sell $65M
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