M&A Deal Summary

Hattington Investment Partners and Midlothian Capital Partners Acquire Dobbies Garden Centres

On June 17, 2016, private equity firms Hattington Investment Partners and Midlothian Capital Partners acquired retailer Dobbies Garden Centres from Tesco for 217M GBP

Acquisition Highlights
  • This is Hattington Investment Partners’ 1st and Midlothian Capital Partners’ 1st transaction in the Retail sector.
  • This is Hattington Investment Partners’ and Midlothian Capital Partners’ 2nd largest (disclosed) transaction.
  • This is Hattington Investment Partners’ 4th and Midlothian Capital Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-06-17
Target Dobbies Garden Centres
Sector Retail
Buyer(s) Hattington Investment Partners
Midlothian Capital Partners
Sellers(s) Tesco
Deal Type Divestiture
Deal Value 217M GBP

Target

Dobbies Garden Centres

Lasswade, United Kingdom
Dobbies Garden Centres is a specialist garden center retailer, operating 35 garden centers across Scotland, England, and Northern Ireland. Dobbies Garden Centres is based in Lasswade, United Kingdom.

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Buyer(S) 2

DESCRIPTION

Hattington Investment Partners LLP is the private equity arm of Hattington Capital, a private investment firm focused on property management and small-cap private equity investments. Hattington Investment Partners seeks opportunities in the consumer retail, energy and general industrials sectors, and will consider opportunities throughout the UK, Ireland, and continental Europe. Hattington looks for situations where the Firm can provide value added capital via operational, financial and management guidance to companies seeking equity for growth, restructuring or differentiation. Hattington Investment Partners LLP was formed in 2014 and is based in London.


DEAL STATS #
Overall 5 of 5
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 4 of 4
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-17 Crussh

London, United Kingdom

Crussh is a London based fit food and juice bar chain.

Buy -
DESCRIPTION

Midlothian Capital Partners is a private investment firm focused on consumer focused opportunities in the UK. Midlothian Capital Partners was formed in 2015 and is based in London.


DEAL STATS #
Overall 1 of 3
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 2
Country (United Kingdom) 1 of 3
Year (2016) 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-05 Park Leisure

Poppleton, United Kingdom

Park Leisure owns and operates holiday home parks throughout the UK in the country and coastal locations, with facilities and standards of service that are famous for five-star quality. Park Leisure is based in Poppleton, United Kingdom.

Buy £103M

Seller(S) 1

SELLER

Tesco

Welwyn Garden City, United Kingdom

Category Company
Founded 1919
Sector Retail
Employees330,000
Revenue 68.2B GBP (2024)
DESCRIPTION

Tesco is a multinational grocery and general merchandise retailer. Tesco was founded in 1919 and is based in Welwyn Garden City, England.


DEAL STATS #
Overall 5 of 8
Sector (Retail) 3 of 6
Type (Divestiture) 3 of 6
Country (United Kingdom) 2 of 3
Year (2016) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-10 Giraffe Concepts

London, United Kingdom

Giraffe is a family-friendly restaurant that offers a wide range of fresh, seasonal, quality food, comfortable interiors and friendly staff. Its menu covers a range of global dishes and appetising options for breakfast, lunch and dinner.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-27 Booker Group

Wellingborough, United Kingdom

Booker Group is a UK food wholesaler. The Group now comprises Booker Wholesale, Makro, Booker Direct, Classic Drinks, Ritter Courivaud, Chef Direct, Premier, Family Shopper, Budgens, Londis and Booker India. Booker Group was formed in 20014 and is based in Wellingborough.

Buy £3.7B