M&A Deal Summary

Designer Brands Acquires Town Shoes

On April 15, 2014, Designer Brands acquired retailer Town Shoes from Clearspring Capital Partners for 68M CAD

Acquisition Highlights
  • This is Designer Brands’ 1st transaction in the Retail sector.
  • This is Designer Brands’ largest (disclosed) transaction.
  • This is Designer Brands’ 1st transaction in Canada.
  • This is Designer Brands’ 1st transaction in Ontario.

M&A Deal Summary
Date 2014-04-15
Target Town Shoes
Sector Retail
Buyer(s) Designer Brands
Sellers(s) Clearspring Capital Partners
Deal Type Add-on Acquisition
Deal Value 68M CAD

Target

Town Shoes

Downsview, Ontario, Canada
Town Shoes Limited is a specialty retailer focused on branded footwear products in Canada with 116 stores across Canada. Town Shoes stores are located in leading shopping centres and cater to fashionable customers who seek the latest styles from the world's leading footwear brands. Town also operates under The Shoe Company banner, which offers a wide selection of branded footwear for the whole family at attractive prices.

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Buyer(S) 1

Buyer

Designer Brands

Columbus, Ohio, United States
Category Company
Founded 1991
Sector Apparel/Textiles
Revenue 3.1B USD (2024)
DESCRIPTION

Designer Brands is a provider of branded footwear and accessories retailer that offers a wide selection of brand name and designer dress, casual and athletic footwear and accessories for women, men and kids. Designer Brands was incorporated in 1991 and is headquartered in Columbus, Ohio.

DEAL STATS #
Overall 1 of 5
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-17 Ebuys

San Diego, California, United States

Ebuys, Inc. is an e-commerce retailer selling branded off-price footwear and accessories.

Buy $63M

Seller(S) 1

SELLER

Clearspring Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 600M CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Callisto Capital is a private equity firm focused on ownership/control investments and minority interests in both private and public companies. In addition to equity, Callisto also provides 'near equity' capital including sub-debt with warrants and convertible debt. Callisto's target investment size is between $20 and $50 million. Callisto Capital is based in Toronto, Canada.

DEAL STATS #
Overall 3 of 4
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Ontario) 3 of 3
Country (Canada) 3 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-14 Town Shoes

Downsview, Ontario, Canada

Town Shoes Limited is a specialty retailer focused on branded footwear products in Canada with 116 stores across Canada. Town Shoes stores are located in leading shopping centres and cater to fashionable customers who seek the latest styles from the world's leading footwear brands. Town also operates under The Shoe Company banner, which offers a wide selection of branded footwear for the whole family at attractive prices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 DME Brewing Solutions

Charlottetown, Prince Edward Island, Canada

DME Brewing Solutions Ltd. engages in the craft brewing industry, and supplier of equipment to craft brewing customers around the world. DME prides itself on being a customer’s best resource for the planning, design, fabrication, management, and successful execution for each unique brewery project. DME Brewing Solutions Ltd. was founded in 1991 and is based in Charlottetown, Canada.

Buy -
Mergr

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