M&A Deal Summary

LDC Acquires Alexandra

On August 19, 2019, private equity firm LDC acquired apparel/textiles company Alexandra from Tailored Brands for 62M GBP

Acquisition Highlights
  • This is LDC’s 4th transaction in the Apparel/Textiles sector.
  • This is LDC’s 16th largest (disclosed) transaction.
  • This is LDC’s 222nd transaction in the United Kingdom.

M&A Deal Summary

Date 2019-08-19
Target Alexandra
Sector Apparel/Textiles
Buyer(s) LDC
Sellers(s) Tailored Brands
Deal Type Divestiture
Deal Value 62M GBP

Target

Alexandra

Bristol, United Kingdom
Alexandra is a supplier of workwear solutions, trading internationally through their Dimensions, Affinity, Alexandra and Yaffy brands. Alexandra was founded in 1854 and is based in Bristol, United Kingdom.

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Buyer(S) 1

Buyer

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 231 of 311
Sector: Apparel/Textiles M&A 4 of 4
Type: Divestiture M&A Deals 22 of 24
Country: United Kingdom M&A 222 of 299
Year: 2019 M&A 13 of 20
Size (of disclosed) 16 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 Plimsoll Productions

Bristol, United Kingdom

Plimsoll Productions is an independent television production company in the UK. Plimsoll Productions BAFTA, EMMY, and Academy Award-winning team specializes in wildlife, documentary, live, and factual entertainment shows. Plimsoll Productions was founded in 2013 and is based in Bristol, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-01 Elovate

York, United Kingdom

Elovate provides end-to-end outsourced business services to a broad range of clients across the retail, e-commerce, FMCG and not-for-profit sectors. Elovate was founded in 2009 and is based in York, United Kingdom.

Buy -

Seller(S) 1

SELLER

Tailored Brands

Houston, Texas, United States

Category Company
Founded 1973
Sector Apparel/Textiles
Revenue 2.9B USD (2020)
DESCRIPTION
Entrance to Tailored Brands' corporate headquarters in Houston, Texas.
Entrance to Tailored Brands' corporate headquarters in Houston, Texas.

Tailored Brands is a specialty retailer of men's apparel, including suits and sport coats, as well as furnishings and accessories. The Company's brands include Men's Wearhouse, Jos. A. Bank, Moores, and K&G. Tailored Brands was founded in 1973 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 2
Sector: Apparel/Textiles M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-11 Joseph A. Bank Clothiers

Hampstead, Maryland, United States

Joseph A. Bank Clothiers, Inc. is a menswear retailer, offering an extensive selection of tailored and casual clothing.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 Joseph Abboud

New York, New York, United States

Joseph Abboud is a men's apparel company that designs, merchandises, sources, manufactures, markets and distributes a wide range of products, including suits, sport coats, trousers, sportswear, dress shirts, ties, and through licensing agreements, men's accessories and home furnishings. Joseph Abboud is based in New York City.

Sell $115M