M&A Deal Summary

LK Group Acquires Brand Collective

On August 2, 2021, family office LK Group acquired retailer Brand Collective from Anchorage Capital Partners

Acquisition Highlights
  • This is LK Group’s 1st transaction in the Retail sector.
  • This is LK Group’s 2nd transaction in Australia.

M&A Deal Summary
Date 2021-08-02
Target Brand Collective
Sector Retail
Buyer(s) LK Group
Sellers(s) Anchorage Capital Partners
Deal Type Secondary Buyout

Target

Brand Collective

Alexandria, Australia
Brand Collective is an operator of footwear and apparel house of brands in Australia, with a portfolio of iconic owned and licensed brands. Brand Collective owns a number of iconic Australian brands including Volley, Grosby, and Julius Marlow, and has exclusive licenses for leading international brands including Superdry, Clarks, Hush Puppies, and Mossimo. The business sells through a combination of department stores and discount department store chains, as well as around 50 branded retail sites and several company-owned websites. Brand Collective also owns the Shoe Warehouse chain of discount footwear stores. Brand Collective is based in Alexandria, Australia.

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Buyer(S) 1

Buyer

LK Group

Investor Investor Investor Investor Investor

Category Family Office
Founded 2009
Size Large
Type Sector Agnostic
DESCRIPTION

LK Group is a family backed investment group focused on opportunities across Australia, the US, and Central Asia. The Firm was formed in 2009 and is headquartered in Melbourne.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Australia) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-29 National Basketball League

Melbourne, Australia

National Basketball League is the premier basketball competition in the southern hemisphere, currently contested by eight teams with seven in Australia and one based in New Zealand. National Basketball League is based in Melbourne, Australia.

Buy -

Seller(S) 1

SELLER

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.

DEAL STATS #
Overall 12 of 15
Sector (Retail) 3 of 3
Type (Secondary Buyout) 3 of 5
Country (Australia) 8 of 10
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Solgen Energy Group

St Leonards, Australia

Solgen Energy Group is Australia’s first and largest commercial solar energy provider. Solgen Energy Group engages in commercial and industrial solar PV installations in Australia, with many solar installations completed for high profile commercial and Government clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Affinity Education

Brisbane, Australia

Affinity Education is a child care operators in Australia, with a portfolio of over 160 centers. Affinity’s key focus is providing exceptional child care and education services. It recognizes and values the moral obligation to act with professional integrity as advocates on behalf of children. Affinity strives to provide a safe, respectful and compassionate environment that recognizes children as people with valuable views and interests to ensure children feel noticed, heard, and understood while receiving the best possible educational program to support their emotional and social development. Affinity Education is based in Brisbane, Australia.

Sell -
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