M&A Deal Summary

Frasers Group Acquires Eastern Outfitters

On April 21, 2017, Frasers Group acquired retailer Eastern Outfitters for 101M USD

Acquisition Highlights
  • This is Frasers Group’s 6th transaction in the Retail sector.
  • This is Frasers Group’s 3rd largest (disclosed) transaction.
  • This is Frasers Group’s 4th transaction in the United States.
  • This is Frasers Group’s 3rd transaction in Connecticut.

M&A Deal Summary
Date 2017-04-21
Target Eastern Outfitters
Sector Retail
Buyer(s) Frasers Group
Deal Type Special Situations/Distressed
Deal Value 101M USD

Target

Eastern Outfitters

Meriden, Connecticut, United States
Eastern Outfitters LLC offers online retail of outerwear and outdoor gear. Eastern Outfitters comprising the businesses of Bob's Stores and Eastern Mountain Sports pursuant to a s.363 sale process.

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Buyer(S) 1

Buyer

Frasers Group

Shirebrook, United Kingdom
Category Company
Founded 1982
Sector Retail
Employees30,000
Revenue 5.6B GBP (2023)
DESCRIPTION

Frasers Group is a sports retailer with approximately 400 stores and provides an unrivalled range of products, offering exceptional quality and unbeatable value, from a wide variety of third-party and Group-owned brands, both in-store and online. Frasers Group was incorporated in 1982 and is based in Shirebrook, United Kingdom.

DEAL STATS #
Overall 9 of 16
Sector (Retail) 6 of 11
Type (Special Situations/Distressed) 3 of 4
State (Connecticut) 3 of 3
Country (United States) 4 of 4
Year (2017) 3 of 3
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-19 Eastern Mountain Sports

Meriden, Connecticut, United States

Eastern Mountain Sports helps people of all ages and abilities have more fun outside as a trusted source of top-quality outdoor gear, apparel, and advice. EMS offers consumers a compelling product portfolio consisting of EMS branded products and leading outdoor and active brands such as The North Face, Oboz, Thule, and Columbia. The retailer operates more than 20 locations in seven U.S. northeastern states and has a robust e-commerce platform. Eastern Mountain Sports was formed in 1967 and is based in Meriden, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-10 House of Fraser

Glasgow, United Kingdom

House of Fraser is one of the UK's premium fashion, home and beauty retailers. From humble Drapery Shop in Victorian Glasgow to internationally inspirational department store, company come a long way and still making history every day.

Buy £90M
Mergr

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