Recapitalization • Retail

Glendower Capital Acquires Liberty

On July 19, 2019, secondary investor Glendower Capital acquired retailer Liberty from BlueGem Capital Partners for 300M GBP

Acquisition Context
  • This is Glendower Capital’s 1st transaction in the Retail sector.
  • This is Glendower Capital’s largest (disclosed) transaction.
  • This is Glendower Capital’s 1st transaction in the United Kingdom.

Explore All 69 Recapitalization Retail Deals - Search the Database Free


M&A Deal Summary

Date July 19, 2019
Target Liberty
Sector Retail
Buyer(s) Glendower Capital
Sellers(s) BlueGem Capital Partners
Deal Type Recapitalization
Deal Value 300M GBP

Target Company

Liberty

London, United Kingdom
Liberty is a designer and wholesale distributor of high-quality printed fabrics to the worldwide fashion industry. Liberty was formed in 1880 and is based in London.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

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

Search Free

Buyer Overview 1

Buyer

Glendower Capital

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2017
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Glendower Capital is a secondary private equity firm focused on acquiring secondary interests and providing liquidity to investors on a global basis. Glendower Capital was established in 2017 and is headquartered in London with an additional office in New York City.


Deal Context for Buyer #
Overall 1 of 3
Sector: Retail 1 of 1
Type: Recapitalization 1 of 1
Country: United Kingdom 1 of 1
Year: 2019 1 of 3
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 HTGroup

Zaratán, Spain

HTGroup is a provider of medical transport services for both the public and private sectors, with a fleet of more than 2,000 ambulances that serve more than 18 million people. HTGroup is based in Zaratán, Spain.

Buy -

Seller Profile 1

SELLER

BlueGem Capital Partners

London, United Kingdom

Investor Investor Investor


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

BlueGem Capital Partners LLP is an independent private equity firm that invests in mid-market European businesses in Europe, primarily those based in the UK and Italy. The Firm looks to invest €30 – €60 million per transaction. Specific areas of interest include retail, consumer goods/brands, wholesale distribution, and business services. Types of transactions include growth capital financings, MBOs, MBIs, and replacement capital. BlueGem Capital Partners LLP was spin-off of Merrill Lynch Global Private Equity. BlueGem Capital Partners LLP was formed in 2006 and is based in London.


Deal Context for Seller #
Overall 3 of 7
Sector: Retail 1 of 4
Type: Recapitalization 1 of 1
Country: United Kingdom 2 of 4
Year: 2019 3 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-29 Light & Living

Noordwijk, Netherlands

Light & Living is a producer of lampshades in affordable decorative lighting and home decor accessories. Light & Living was founded in 1972 and is based in Noordwijk, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Beautynova

Milan, Italy

Beautynova is a producer of hair care products with a modern research laboratory for the formulation of innovative professional products for the hairdressing industry. High-quality products and a global assistance service covering all stages of product development, production, and distribution have made Pool Service the supplier of choice for numerous international customers of the highest standing. Beautynova is based in Milan, Italy.

Buy -