M&A Deal Summary

Hilco Capital Acquires Homebase

On May 25, 2018, private equity firm Hilco Capital acquired retailer Homebase from Wesfarmers

Acquisition Highlights
  • This is Hilco Capital’s 8th transaction in the Retail sector.
  • This is Hilco Capital’s 9th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-05-25
Target Homebase
Sector Retail
Buyer(s) Hilco Capital
Sellers(s) Wesfarmers
Deal Type Divestiture

Target

Homebase

Milton Keynes, United Kingdom
Homebase is an operator of home improvement and garden retailer. Homebase delivers an established and scalable platform with stores that are the right size for the UK market and support warehouse merchandising and a low cost operating model. Homebase was founded in 1979 and is based in Milton Keynes, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Hilco Capital is the investment arm of financial advisory group Hilco Global. Hilco Capital principally seeks to acquire or provide funding to UK-based companies in the retail, consumer products, manufacturing, engineering, and distribution sectors. The Firm will invest equity or debt capital and can invest up to £150 million per transaction. Hilco has a special interest acquiring troubled or distressed companies. Hilco Capital was formed in 2000 and is headquartered in London.


DEAL STATS #
Overall 11 of 15
Sector: Retail M&A 8 of 9
Type: Divestiture M&A Deals 7 of 8
Country: United Kingdom M&A 9 of 10
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-12 Misco Technologies

Northampton, United Kingdom

Misco Technologies Ltd. is a multi-vendor technology provider of IT products, software, and services to businesses and public sector organizations. Misco Technologies Ltd. was founded in 1988 and is based in Northampton, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 HMV Canada

Toronto, Ontario, Canada

HMV Canada, Inc. is a retailer of music, DVD, Blu-ray, Headphones, and books. HMV Canada was founded in 1986 and is based in Toronto, Canada.

Sell -

Seller(S) 1

SELLER

Wesfarmers

Perth, Australia

Category Company
Founded 1914
Sector Diversified
Employees118,000
Revenue 45.6B AUD (2025)
DESCRIPTION

Wesfarmers is a diversified Australian holdings company. Wesfarmers' business segments include supermarkets, department stores, home improvement and office supplies; coal production and export; chemicals, energy and fertilisers; and industrial and safety products. Wesfarmers was founded in 1914 and is based in Perth, Australia.


DEAL STATS #
Overall 4 of 5
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 4 of 4
Country: United Kingdom M&A 1 of 1
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-14 Homebase

Milton Keynes, United Kingdom

Homebase is an operator of home improvement and garden retailer. Homebase delivers an established and scalable platform with stores that are the right size for the UK market and support warehouse merchandising and a low cost operating model. Homebase was founded in 1979 and is based in Milton Keynes, United Kingdom.

Buy £340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Bengalla Joint Venture

Brisbane, Australia

Bengalla Joint Venture produces mainly thermal coal for a coal-fired power plant and general industry.

Sell -