M&A Deal Summary

Lagardère Services SAS Acquires The Paradies Shops

On August 11, 2015, Lagardère Services SAS acquired retailer The Paradies Shops from Freeman Spogli for 530M USD

Acquisition Highlights
  • This is Lagardère Services SAS’s 1st transaction in the Retail sector.
  • This is Lagardère Services SAS’s largest (disclosed) transaction.
  • This is Lagardère Services SAS’s 1st transaction in the United States.
  • This is Lagardère Services SAS’s 1st transaction in Georgia.

M&A Deal Summary
Date 2015-08-11
Target The Paradies Shops
Sector Retail
Buyer(s) Lagardère Services SAS
Sellers(s) Freeman Spogli
Deal Type Add-on Acquisition
Deal Value 530M USD
Advisor(s) Barclays Investment Bank (Financial)
Morgan Lewis (Legal)

Target

The Paradies Shops

Atlanta, Georgia, United States
The Paradies Shops operates more than 550 stores in over 75 airports and hotels across the United States and Canada, serving more than a half-billion customers each year. These stores include original, one-of-a-kind brands unique to individual airports, as well as national brands such as Brooks Brothers, PGA Tour Shops, Dunkin’ Donuts, Brighton and CNBC News. Outside of airports.

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Buyer(S) 1

Buyer

Lagardère Services SAS

Paris, France
Category Company
Founded 1852
Sector Retail
DESCRIPTION

Lagardère Services SAS operates travel retail stores.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-11 Naville

Carouge, Switzerland

Naville (LS Distribution Suisse) is an integrated small-outlet retailer in French-speaking Switzerland, whose registered offices are in Geneva. Naville’s retail business comprises a focused network encompassing some 175 outlets. These are operated by well-established local agents with excellent knowledge of the specific needs of the regional market.

Sell -

Seller(S) 1

SELLER

Freeman Spogli

Los Angeles, California, United States
Category Private Equity Firm
Founded 1983
PE ASSETS 7.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.

DEAL STATS #
Overall 17 of 25
Sector (Retail) 10 of 12
Type (Add-on Acquisition) 5 of 8
State (Georgia) 2 of 2
Country (United States) 16 of 24
Year (2015) 1 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 Green Garden Products

Norton, Massachusetts, United States

Green Garden Products LLC is a supplier of branded, consumable gardening products. Green Garden Products is a provider of seed packets and seed starter products for flower and vegetable gardens in North America, and an emerging participant in the specialty soil and plant nutrient categories. Green Garden Products was founded in 1980 and is based in Norton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 Creative Co-Op

Memphis, Tennessee, United States

Creative Co-Op, Inc. is an independent home decor retailer.

Buy -
Mergr

Product

Company

Legal