M&A Deal Summary

Helly Hansen Acquires Musto

On October 19, 2017, Helly Hansen acquired apparel/textiles company Musto from Phoenix Equity Partners

Acquisition Highlights
  • This is Helly Hansen’s 1st transaction in the Apparel/Textiles sector.
  • This is Helly Hansen’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-10-19
Target Musto
Sector Apparel/Textiles
Buyer(s) Helly Hansen
Sellers(s) Phoenix Equity Partners
Deal Type Add-on Acquisition

Target

Musto

London, United Kingdom
Musto Ltd. is a provider of specialist technical sports clothing to the sailing, equestrian, and shooting markets. Musto was established in 1971 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Helly Hansen

Oslo, Norway

Category Company
Founded 1877
Sector Apparel/Textiles
Revenue 170M EUR (2013)
DESCRIPTION

Helly Hansen develops professional-grade apparel that helps people stay and feel alive. Within its core categories of sailing, skiing, mountain, urban, rainwear, and workwear, Helly Hansen designs and delivers products used by professionals and outdoor enthusiasts around the world. Helly Hansen was formed in 1877 and is headquartered in Oslo, Norway.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Phoenix Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Phoenix Equity Partners is a mid-market private equity firm that funds management buyouts and buy-ins, and provides expansion capital for UK-based companies. Phoenix looks for opportunities valued up to £200 million. Target sectors include consumer, leisure, retail, financial services, healthcare, education, media, transportation/logistics, and business services. Phoenix Equity Partners was formed in 2001 and is based in London.


DEAL STATS #
Overall 31 of 45
Sector: Apparel/Textiles M&A 5 of 5
Type: Add-on Acquisition M&A Deals 10 of 17
Country: United Kingdom M&A 29 of 43
Year: 2017 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-09 Sygnature Discovery

Nottingham, United Kingdom

Sygnature Discovery is a provider of outsourced drug discovery services to the UK and overseas biotech and pharma companies. Sygnature provides integrated drug discovery and preclinical services to clients across eight key therapeutic areas, including oncology, neuroscience, and inflammation & immunology, and has an outstanding track record of scientific excellence. Sygnature Discovery was founded in 2004 and is based in Nottingham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 Porthaven Care Homes

Windsor, United Kingdom

Porthaven Care Homes is a developer and operator of purpose-built premium quality care homes for the frail elderly and those living with dementia, focusing predominantly on the self-pay market. Porthaven Care Homes was founded in 2010 and is based in Windsor, United Kingdom.

Sell -