M&A Deal Summary

Li & Fung Acquires Peter Black

On August 15, 2007, Li & Fung acquired apparel/textiles company Peter Black from Endless

Acquisition Highlights
  • This is Li & Fung’s 7th transaction in the Apparel/Textiles sector.
  • This is Li & Fung’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2007-08-15
Target Peter Black
Sector Apparel/Textiles
Buyer(s) Li & Fung
Sellers(s) Endless
Deal Type Divestiture

Target

Peter Black

Keighley, United Kingdom
Peter Black is a large supplier of footwear, accessories, gifts and personal care merchandise for retailers in Europe such as Marks & Spencer, Tesco, Next, Sainsbury, Body Shop and Boots.

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Buyer(S) 1

Buyer

Li & Fung

Kowloon, China

Category Company
Founded 1906
Sector Transportation
Revenue 11.4B USD (2019)
DESCRIPTION

Li & Fung is an integrated logistics company working to connect and simplify its customers’ supply chains. Li & Fung was formed in 1906 and is based in Kowloon, China.


DEAL STATS #
Overall 11 of 30
Sector: Apparel/Textiles M&A 7 of 18
Type: Divestiture M&A Deals 3 of 3
Country: United Kingdom M&A 2 of 5
Year: 2007 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-15 Regatta USA

New York, New York, United States

Regatta is a apparel and brand management company offering proprietary brands and private label products. It designs, sources, and markets such prominent apparel brands as Daisy Fuentes, Simply Vera by Vera Wang, Nicole Miller and other proprietary label brands for major retailers. The company serves such retailers as Kohl’s, Wal-Mart, J.C. Penney and Charming Shoppes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-18 Silvereed Group

Kowloon Bay, China

Silvereed Group a virtual manufacturer with focus on design and product development of ladies fashion garments.

Buy -

Seller(S) 1

SELLER

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.


DEAL STATS #
Overall 1 of 53
Sector: Apparel/Textiles M&A 1 of 2
Type: Divestiture M&A Deals 1 of 10
Country: United Kingdom M&A 1 of 51
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-19 Homebuy

Walsall, United Kingdom

Leading national specialist supplier of electrical and household goods to the low income sector through retail credit, including the provision of cash loans.

Buy £22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-19 Neville Johnson

Manchester, United Kingdom

Neville Johnson is a premium brand designing, manufacturing, retailing, and fitting bespoke furniture for the home. The business operates three product lines: Furniture - serving the living space, bedroom and study space; Staircase renovation; and high-end Kitchens, through the Tom Howley brand. The Tom Howley brand targets the upper-end of the Kitchen market and enjoys a well-founded reputation for handcrafted quality products and impeccable customer service. Neville Johnson was formed in 1987 and is based in Manchester, United Kingdom.

Sell £13M