M&A Deal Summary

Groupe HLD Acquires ba&Sh

On March 8, 2022, private equity firm Groupe HLD acquired apparel/textiles company ba&Sh from L Capital Management

Acquisition Highlights
  • This is Groupe HLD’s 1st transaction in the Apparel/Textiles sector.
  • This is Groupe HLD’s 14th transaction in France.

M&A Deal Summary

Date 2022-03-08
Target ba&Sh
Sector Apparel/Textiles
Buyer(s) Groupe HLD
Sellers(s) L Capital Management
Deal Type Secondary Buyout

Target

ba&Sh

Paris, France
ba&Sh is a fashion brand that designs and manufactures a full range of women’s apparel, with a distinctive design. Sold mainly in premium mono-brand retail locations in France, department stores and online, with international expansion in targeted geographies currently underway in the UK, Germany, Switzerland, the USA, and Asia. ba&Sh was formed in 2003 and is headquartered in

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Buyer(S) 1

Buyer

Groupe HLD

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Groupe HLD is a private equity firm focused on European companies with growth potential. The Firm invests in a variety of sectors including business and financial services, healthcare, industrial, retail, consumer and leisure, technology, media, and telecommunications. HLD typically commits €25 to €500 million per transaction. Group HLD was founded in 2010 and is headquartered in Luxembourg.


DEAL STATS #
Overall 17 of 20
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 5
Country: France M&A 14 of 16
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 Walter Learning

Marseille, France

Walter Learning designs, produces and distributes online training for professionals. Walter Learning was formed in 2018 and is based in Marseille, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 CBG Acciai

Caronno Pertusella, Italy

CBG Acciai is an Italian steel blades manufacturer that is involved in the manufacturing of a wide range of high precision steel blades such as those used for cutting wood, foam, and stone. CBG Acciai is based in Caronno Pertusella, Italy.

Buy -

Seller(S) 1

SELLER

L Capital Management

Paris, France

Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

L Capital Management is a private equity firm that focuses on acquiring businesses primarily in Europe and also look for potential opportunities in North America and Asia. It looks to invests €15 - €60 million in companies with revenues of €30 - €400 million. The firm seeks to hold both minority and majority stake in portfolio companies along with co-investors. Specific areas of interest include personal care and well-being, personal equipment, home and family equipment and selective retailing. Types of transaction include LBO’s and growth capital financing. L Capital is sponsored by the LVMH Group and Groupe Arnault. L Capital was formed in 2001 and is based Paris, France with additional offices in Milan, Italy and Madrid, Spain.


DEAL STATS #
Overall 16 of 17
Sector: Apparel/Textiles M&A 6 of 6
Type: Secondary Buyout M&A Deals 7 of 7
Country: France M&A 8 of 8
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Captain Tortue

Aix-en-Provence, France

Captain Tortue is a provider of direct selling women's ready-to-wear clothing. It designs around 330 models through its four brands: Trend (trendy collection, urban chic), Miss (classic and casual collection), Little Miss (children's collections, teenagers and small sizes) and Java (home wear comfort-casual). Captain Tortue was founded in 1993 and is based in Aix-en-Provence, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 PVR INOX

Gurugram, India

PVR INOX is a cinema entertainment company. PVR INOX was founded in 1995 and is based in Gurugram, India.

Sell -