M&A Deal Summary

Istithmar World P.J.S.C. Acquires Barneys New York

On June 22, 2008, Istithmar World P.J.S.C. acquired retailer Barneys New York for 825M USD

Acquisition Highlights
  • This is Istithmar World P.J.S.C.’s 1st transaction in the Retail sector.
  • This is Istithmar World P.J.S.C.’s largest (disclosed) transaction.
  • This is Istithmar World P.J.S.C.’s 1st transaction in the United States.
  • This is Istithmar World P.J.S.C.’s 1st transaction in New York.
Investment Fate
  • Barneys New York went bankrupt in 2019.
  • Barneys New York was sold to a strategic buyer in 2019.

M&A Deal Summary
Date 2008-06-22
Target Barneys New York
Sector Retail
Buyer(s) Istithmar World P.J.S.C.
Deal Type Add-on Acquisition
Deal Value 825M USD

Target

Barneys New York

New York, New York, United States
Barneys New York, Inc. is a luxury specialty retailer provides women’s and men’s ready-to-wear, accessories, shoes, jewelry, cosmetics, fragrances, and gifts for the home. Barneys New York was founded in 1923 and is based in New York.

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Buyer(S) 1

Buyer

Istithmar World P.J.S.C.

Dubai, United Arab Emirates
Category Company
Founded 2003
Sector Financial Services
DESCRIPTION

Istithmar World is a premier investment company with a broad international portfolio across North America, Europe, the Middle East, Asia and Africa. Our activities span a variety of verticals, ranging from consumer, industrial and financial services to hotels and commercial property. Istithmar World is headquartered in Dubai, with offices in New York, London and Cape Town.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-03 Inchcape

London, United Kingdom

Inchcape is a provider of strategic maritime, cargo, and supply chain solutions to ship owners and operators in various geographies, market segments, vessels, and asset types. Inchcape was founded in 1847 and is based in London, United Kingdom.

Buy $285M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Barneys New York

New York, New York, United States

Barneys New York, Inc. is a luxury specialty retailer provides women’s and men’s ready-to-wear, accessories, shoes, jewelry, cosmetics, fragrances, and gifts for the home. Barneys New York was founded in 1923 and is based in New York.

Sell -
Mergr

Product

Company

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