M&A Deal Summary

CriticalPoint Capital Acquires Shoes.com

On August 27, 2020, private equity firm CriticalPoint Capital acquired e-commerce company Shoes.com from Walmart

Acquisition Highlights
  • This is CriticalPoint Capital’s 1st transaction in the E-Commerce sector.
  • This is CriticalPoint Capital’s 5th transaction in the United States.
  • This is CriticalPoint Capital’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2020-08-27
Target Shoes.com
Sector E-Commerce
Buyer(s) CriticalPoint Capital
Sellers(s) Walmart
Deal Type Divestiture

Target

Shoes.com

Boston, Massachusetts, United States
Shoes.com is an online retailer of men's, women's, and children's shoes.

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Buyer(S) 1

DESCRIPTION

CriticalPoint Capital is a private equity firm focused on making control and non-control investments to support distressed situations, acquisitions, recapitalizations, or growth capital needs. CriticalPoint seeks businesses with recurring revenue and operating in sectors undergoing transition. CriticalPoint will consider companies with up to $500 million in revenue and up to $10 million of EBITDA. CriticalPoint Capital is based in Manhattan Beach, California.


DEAL STATS #
Overall 5 of 7
Sector (E-Commerce) 1 of 1
Type (Divestiture) 4 of 6
State (Massachusetts) 1 of 1
Country (United States) 5 of 7
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 Imperia Engineering Partners

Bordentown, New Jersey, United States

Imperia Engineering Partners is a provider of engineering, design, and construction management services to the utilities, nuclear, and energy industries. Imperia Engineering Partners is based in Bordentown, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-11 Organized SportsWear

Cerritos, California, United States

Organized SportsWear is a manufacturer of physical education uniforms with customized silk screen printing and embroidery. Organized SportsWear was founded in 1988 and is based in Cerritos, California.

Sell -

Seller(S) 1

SELLER

Walmart

Bentonville, Arkansas, United States

Category Company
Founded 1945
Sector Retail
Employees2,100,000
Revenue 611.3B USD (2023)
DESCRIPTION
Entrance to Walmart's corporate campus in Bentonville, Arkansas.
Entrance to Walmart's corporate campus in Bentonville, Arkansas.

Walmart is a discount retailer with operations across the globe. Walmart operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM?S CLUBS in the US. Internationally, the company operates in Puerto Rico, Canada, China, Mexico, Germany, United Kingdom, Argentina, and South Korea. Walmart was formed in 1945 and is based in Bentonville, Arkansas.


DEAL STATS #
Overall 4 of 10
Sector (E-Commerce) 2 of 2
Type (Divestiture) 4 of 9
State (Massachusetts) 1 of 1
Country (United States) 3 of 7
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 ModCloth

San Francisco, California, United States

ModCloth, Inc. is an online specialty retailer that offers unique designs and exclusive fashion, along with shoes, handbags, and accessories, for 18-35-year-old women. ModCloth was formed in 2002 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-02 Asda

Leeds, United Kingdom

Asda is a grocery retailer with an omni-channel, multi format food and non-food offerings. The company operates a significant store estate across over 600 sites in the UK, with its core focus being the operation of edge-of-town superstores with an average surface area of over 4,000 square metres. The food and non-food offer are focused on everyday affordable pricing, targeting a broad customer demographic. Asda was founded in 1949 and is based in Leeds, United Kingdom.

Sell £6.8B