M&A Deal Summary

Jay Group Acquires Swap.com

On October 29, 2020, Jay Group acquired e-commerce company Swap.com from eEquity

Acquisition Highlights
  • This is Jay Group’s 1st transaction in the E-Commerce sector.
  • This is Jay Group’s 1st transaction in the United States.
  • This is Jay Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2020-10-29
Target Swap.com
Sector E-Commerce
Buyer(s) Jay Group
Sellers(s) eEquity
Deal Type Add-on Acquisition

Target

Swap.com

Woodridge, Illinois, United States
Swap.com enables a community of thrifters to find affordable, quality secondhand apparel for the whole family. Being an online thrift store, Swap.com makes it easier than ever to filter through like-new, pre-owned clothing. Swap.com was launched in 2012 and is headquartered in Woodridge, Illinois.

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Buyer(S) 1

Buyer

Jay Group

Rocky Mount, North Carolina, United States

Category Company
Sector Distribution
DESCRIPTION

Jay Group is a wholesaler of discount footwear. The company purchase returns, closeouts, cancellations, factory defectives, stock-lots, liquidation, and all types of footwear from retailers, factories, and manufacturers on an international basis. Jay Group is based in Rocky Mount, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

eEquity

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2010
PE ASSETS 420M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

eEquity is a private equity firm focused on investing in Nordic internet and e-commerce companies. eEquity invests primarily in entrepreneur-led growth companies with potential to become market leaders. eEquity was formed in 2010 and is headquartered in Stockholm.


DEAL STATS #
Overall 6 of 9
Sector: E-Commerce M&A 4 of 5
Type: Add-on Acquisition M&A Deals 1 of 4
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Son of a Tailor

Copenhagen, Denmark

Son of a Tailor is a Direct to Consumer online fashion tech company, offering custom-fitted (made-to-measure) t-shirts and other apparel to men globally. Son of a Tailor was founded in 2014 and is based in Copenhagen, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-29 Royal Design

Stockholm, Sweden

Royal Design is the largest design and home furnishing online retailer in the Nordics and operates well-established online stores in key European countries. Royal Design was founded in 1999 and is based in Stockholm, Sweden.

Sell -