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M&A Deal Summary

Equistone Acquires Hobbs

On December 30, 2000, private equity firm Equistone acquired apparel/textiles company Hobbs for 30M GBP

Acquisition Highlights
  • This is Equistone’s 2nd transaction in the Apparel/Textiles sector.
  • This is Equistone’s 39th largest (disclosed) transaction.
  • This is Equistone’s 24th transaction in the United Kingdom.
Investment Fate
  • Hobbs was sold to a consortium of financial buyers in 2004 for 161M EUR.
  • Hobbs was sold to a publicly-traded strategic buyer in 2017.

M&A Deal Summary
Date 2000-12-30
Target Hobbs
Sector Apparel/Textiles
Buyer(s) Equistone
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 30M GBP

Target

Hobbs

London, United Kingdom
Hobbs Ltd. is a contemporary fashion designer and retailer of women’s apparel, shoes and accessories, operating at the premium end of the UK market. Hobbs Ltd. was established in 1981 and is based in London, UK.

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Buyer(S) 1

Buyer

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.

DEAL STATS #
Overall 42 of 252
Sector: Apparel/Textiles M&A 2 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 35 of 131
Country: United Kingdom M&A 24 of 101
Year: 2000 M&A 18 of 18
Size (of disclosed) 39 of 55
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-29 Bénédicta S.A.

Seclin, France

Benedicta is a French supplier of mayonnaise and cold sauces. It is the No. 2 brand in France and supplies the private label market in France and the UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-26 Clydesdale Financial Services

United Kingdom

Clydesdale Financial Services is the consumer credit business.Financial Services has grown to become a key provider of store cards and interest free credit products to a number of retail clients including Scottish Hydro, Karen Millen and Focus DIY.

Buy £108M
Mergr

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