M&A Deal Summary

Kering Acquires Creed

On June 26, 2023, Kering acquired consumer products company Creed from BlackRock LTPC

Acquisition Highlights
  • This is Kering’s 3rd transaction in the Consumer Products sector.
  • This is Kering’s 5th transaction in the United States.
  • This is Kering’s 2nd transaction in New York.

M&A Deal Summary
Date 2023-06-26
Target Creed
Sector Consumer Products
Buyer(s) Kering
Sellers(s) BlackRock LTPC
Deal Type Add-on Acquisition

Target

Creed

New York, New York, United States
Creed is a luxury heritage fragrance company that possesses a distinct collection of timeless and sophisticated perfumes, including the iconic Aventus. Creed was founded in 1760 and is based in New York.

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Buyer(S) 1

Buyer

Kering

Paris, France
Category Company
Founded 1963
Sector Apparel/Textiles
Employees48,964
Revenue 19.6B EUR (2023)
DESCRIPTION

Kering is a provider of apparel and accessories, Kering develops an ensemble of powerful Luxury and Sport & Lifestyle brands: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Sergio Rossi, Boucheron, Dodo, Girard-Perregaux, JeanRichard, Pomellato, Qeelin, Puma, Volcom, Cobra, Electric and Tretorn. Kering was founded in 1963 and is based in Paris, France.

DEAL STATS #
Overall 13 of 13
Sector (Consumer Products) 3 of 3
Type (Add-on Acquisition) 10 of 10
State (New York) 2 of 2
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-09 Sergio Rossi

Milan, Italy

Sergio Rossi is a renowned Italian luxury brand with a strong international presence and awareness. The Company has a worldwide distribution network of 65 stores, of which 50 directly owned flagship stores in prime luxury locations mainly in EMEA, APAC and Japan, and 15 franchised stores.

Sell -

Seller(S) 1

SELLER

BlackRock LTPC

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BlackRock LTPC is the direct investing arm of asset manager and financial services company BlackRock. The Group looks to make long-term, control investments of at least $500 million in large companies throughout North America and Western Europe. BlackRock LTPC is based in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 E360S

Aurora, Ontario, Canada

E360S is an environmental management company providing solutions to municipalities and Industrial, Commercial, and Institutional customers. With operations across ten Canadian cities in Ontario, Alberta, and British Columbia, E360S was founded in 2018 and is based in Aurora, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Lone Peak Dental Group

Englewood, Colorado, United States

Lone Peak Dental Group is a dental services organization focusing on the underserved pediatric market segment. Lone Peak Dental Group was founded in 2003 and is based in Englewood, Colorado.

Buy -
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