M&A Deal Summary

Foschini Group Acquires Retail Apparel Group Pty

On May 25, 2017, Foschini Group acquired retailer Retail Apparel Group Pty from Navis Capital Partners for 303M AUD

Acquisition Highlights
  • This is Foschini Group’s 3rd transaction in the Retail sector.
  • This is Foschini Group’s 2nd largest (disclosed) transaction.
  • This is Foschini Group’s 1st transaction in Australia.

M&A Deal Summary

Date 2017-05-25
Target Retail Apparel Group Pty
Sector Retail
Buyer(s) Foschini Group
Sellers(s) Navis Capital Partners
Deal Type Add-on Acquisition
Deal Value 303M AUD

Target

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.

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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 4 of 5
Sector: Retail M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 5
Country: Australia M&A 1 of 1
Year: 2017 M&A 2 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 Damsel In A Dress

London, United Kingdom

Damsel In A Dress Ltd. is an online retailer of women's wear clothing. Damsel in a Dress provides fashion brand for the modern, confident woman looking for the best of style at the best of quality.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 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.

Buy -

Seller(S) 1

SELLER

Navis Capital Partners

Kuala Lampur, Malaysia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Navis Capital Partners is a private equity firm focused on buyouts, recapitalizations and financial restructurings in Southeast Asia. Navis looks to invest between $15 and $100 million of equity per transaction in companies with up to $500 million in revenue. Navis does not specialize in any specific sector. Navis Capital Partners was formed in 1998 and is headquartered in Kuala Lampur, Malaysia.


DEAL STATS #
Overall 25 of 41
Sector: Retail M&A 1 of 2
Type: Add-on Acquisition M&A Deals 16 of 26
Country: Australia M&A 7 of 10
Year: 2017 M&A 2 of 3
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-26 Mainland Poultry

Otago, New Zealand

Mainland Poultry operates one of the most modern integrated animal feed and egg production businesses in the region, with a national footprint across the North and South Islands of New Zealand. Mainland operates as two integrated divisions: Zeagold, the eggs division, is the largest egg and egg products producer in New Zealand, producing 36 million dozen egg equivalents per annum. Zeagold supplies supermarkets and food service distributors daily with fresh eggs and refrigerated and frozen egg products. MainFeeds, the feed division, supplies over 140,000 tonnes of non-ruminant feed to the Zeagold division and external customers. Mainland Poultry was founded in 1997 and is based in Otago, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 HG Power Transmission

Petaling Jaya, Malaysia

HG Power Transmission provides comprehensive solutions in the design, build, and construction of EHV transmission lines and substations on TURNKEY basis. HG Power Transmission provides complete design, engineering and project management services. HG Power Transmission was founded in 1988 and is based in Petaling Jaya, Malaysia.

Sell -