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M&A Deal Summary

Crescent Capital Partners Acquires Tigerlily

On February 23, 2017, private equity firm Crescent Capital Partners acquired e-commerce company Tigerlily from Billabong International for 60M AUD

Acquisition Highlights
  • This is Crescent Capital Partners’ 1st transaction in the E-Commerce sector.
  • This is Crescent Capital Partners’ 4th largest (disclosed) transaction.
  • This is Crescent Capital Partners’ 8th transaction in Australia.

M&A Deal Summary
Date 2017-02-23
Target Tigerlily
Sector E-Commerce
Buyer(s) Crescent Capital Partners
Sellers(s) Billabong International
Deal Type Divestiture
Deal Value 60M AUD

Target

Tigerlily

Alexandria, Australia
Tigerlily is an online retailer of women's clothing. Tigerlily was established in 2000 and is headquartered in Alexandria, Australia.

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Buyer(S) 1

Buyer

Crescent Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 2.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Crescent Capital Partners is a private equity firm focused on mid-sized company investments in Australia and New Zealand. The Firm does not have any sector preferences and looks to be a 'hands on' investor in assisting portfolio companies with strategy and operation support. Crescent Capital is based in Sydney.

DEAL STATS #
Overall 15 of 15
Sector: E-Commerce M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Australia M&A 8 of 8
Year: 2017 M&A 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 Breezway Australia Pty

Coorparoo, Australia

Breezway Australia Pty Ltd. is a manufacturer of residential and commercial louvre window systems based in Brisbane, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 GroundProbe

Windsor, Australia

GroundProbe is a global market leader in the provision of critical monitoring and measurement technologies for the mining sector. Its radar and laser-based monitoring systems, combined with advanced processing and analytic software, provide mining customers with geotechnical slope stability monitoring for improved mine productivity and safety. GroundProbe is based in Windsor, Australia.

Sell AU$205M

Seller(S) 1

SELLER

Billabong International

Burleigh Heads, Australia
Category Company
Founded 1973
Sector Retail
Revenue 1.1B AUD (2015)
DESCRIPTION

Billabong International Ltd. is a wholesaler and retailer of hard and soft goods in the board sports sector. Billabong International was founded in 1973 and is based in Burleigh Heads, Australia.

DEAL STATS #
Overall 3 of 3
Sector: E-Commerce M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
Country: Australia M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 Sector 9

San Diego, California, United States

Sector 9, Inc. is a manufacturer and marketer of skateboards.

Sell -
Mergr

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