M&A Deal Summary

Findos Investor Acquires Zizzi

On April 12, 2019, private equity firm Findos Investor acquired apparel/textiles company Zizzi from Axcel

Acquisition Highlights
  • This is Findos Investor’s 4th transaction in the Apparel/Textiles sector.
  • This is Findos Investor’s 1st transaction in Denmark.

M&A Deal Summary

Date 2019-04-12
Target Zizzi
Sector Apparel/Textiles
Buyer(s) Findos Investor
Sellers(s) Axcel
Deal Type Secondary Buyout
Advisor(s) Plesner Advokatpartnerselskab (Legal)

Target

Zizzi

Billund, Denmark
Zizzi manufactures women's fashions aimed at two segments: plus-size clothing and standard-size clothing. Zizzi offers several sub-brands specializing in activewear, underwear, swimwear and maternity. Zizzi was founded in 1988 and is based in Billund, Denmark.

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Buyer(S) 1

Buyer

Findos Investor

Munich, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Findos Investor is a German private equity firm focused on investing in medium-sized companies with up to €25 to €200 million in revenues. Findos typically targets 'healthy' businesses with sustainable, positive cash-flows, established market positions, and strong management. Findos will not consider minority positions. Findos Investor is based in Munich.


DEAL STATS #
Overall 15 of 24
Sector: Apparel/Textiles M&A 4 of 4
Type: Secondary Buyout M&A Deals 5 of 6
Country: Denmark M&A 1 of 4
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 HTS TENTIQ

Kefenrod, Germany

HTS TENTIQ is a manufacturer of tents, temporary structures, and modular halls, which are manufactured and distributed worldwide. HTS TENTIQ was founded in 2001 and is based in Kefenrod, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 FUXTEC

Herrenberg, Germany

FUXTEC is a provider of garden tools and leisure products equipment. FUXTEC was founded in 2008 and is based in Herrenberg, Germany.

Buy -

Seller(S) 1

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 4.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.


DEAL STATS #
Overall 39 of 49
Sector: Apparel/Textiles M&A 4 of 4
Type: Secondary Buyout M&A Deals 12 of 15
Country: Denmark M&A 30 of 36
Year: 2019 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 EG

Ballerup, Denmark

EG is a software company with a suite of proprietary software solutions for the private and public sector. EG is based in Ballerup, Denmark.

Sell kr.3.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Phase One

Frederiksberg, Denmark

Phase One is a provider of image processing software for professionals, prosumers, and companies. Phase One is also the world leader in digital medium format cameras for professional photographers and industrial applications. Phase One was established in 1993 and is based in Frederiksberg, Denmark.

Buy -