M&A Deal Summary

Foschini Group Acquires Hobbs

On November 7, 2017, Foschini Group acquired apparel/textiles company Hobbs from 3i Private Equity

Acquisition Highlights
  • This is Foschini Group’s 1st transaction in the Apparel/Textiles sector.
  • This is Foschini Group’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2017-11-07
Target Hobbs
Sector Apparel/Textiles
Buyer(s) Foschini Group
Sellers(s) 3i Private Equity
Deal Type Add-on Acquisition

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.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Foschini Group

Cape Town, South Africa

Category Company
Founded 1924
Sector Retail
Employees6,508
Revenue 58.3B ZAR (2025)
DESCRIPTION

Foschini Group is a independent chain-store groups. It have retail brands that trade in clothing, jewellery, accessories, sporting and outdoor apparel and equipment, cellular goods and services and homeware to the broad, primarily middle and upper income groups throughout 2 000+ stores. Foschini Group was founded in 1924 and is based in Cape Town, South Africa.


DEAL STATS #
Overall 5 of 5
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
Country: United Kingdom M&A 4 of 4
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-25 Retail Apparel Group Pty

Waterloo, Australia

Retail Apparel Group Pty Ltd. is a retailer of men's apparel. Retail Apparel Group Pty Ltd. was founded in 1987 and is based in Waterloo, Australia.

Buy AU$303M

Seller(S) 1

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 21.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 184 of 196
Sector: Apparel/Textiles M&A 6 of 6
Type: Add-on Acquisition M&A Deals 56 of 63
Country: United Kingdom M&A 62 of 63
Year: 2017 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 Digital Barriers

Glasgow, United Kingdom

Digital Barriers is a provider of surveillance solutions and technology. DB also provides video analytics software for intrusion detection and military-spec facial recognition software. Digital Barriers was founded in 2009 and is based in Glasgow, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 ATESTEO

Alsdorf, Germany

ATESTEO is a provider of independent drivetrain testing services for the international automotive and automotive supply industries with 135 testing benches in Germany, Japan, China, and North America. The company offers a cost-efficient alternative to in-house durability testing for automotive OEMs and their suppliers. Its customers include virtually all the leading OEMs and transmission manufacturers. ATESTEO was founded in 1986 and headquartered in Alsdorf near Aachen, Germany.

Sell €307M