M&A Deal Summary

Marks & Spencer Group Acquires Thread

On November 30, 2022, Marks & Spencer Group acquired e-commerce company Thread from Beringea

Acquisition Highlights
  • This is Marks & Spencer Group’s 1st transaction in the E-Commerce sector.
  • This is Marks & Spencer Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-11-30
Target Thread
Sector E-Commerce
Buyer(s) Marks & Spencer Group
Sellers(s) Beringea
Deal Type Add-on Acquisition

Target

Thread

London, United Kingdom
Thread is a free online personal styling service for men, which uses a unique combination of human stylists and powerful algorithms to make it easy for men to dress well. On signing up, users fill in questionnaires and upload photos of themselves, which help the stylist and algorithm sort through millions of items to create the best outfits for that particular individual. Thread was formed in 2012 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Marks & Spencer Group

London, United Kingdom

Category Company
Founded 1884
Sector Retail
Employees64,000
Revenue 13.8B EUR (2025)
DESCRIPTION

Marks & Spencer Group operates as a multi-channel retailer, selling stylish, high-quality, great-value clothing and home products, as well as outstanding-quality food responsibly sourced from around 2,000 suppliers globally. M&S was founded in 1884 and is based in London, England.


DEAL STATS #
Overall 1 of 1
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Kings Food Markets

Parsippany, New Jersey, United States

Kings Food Markets is a gourmet food retailer with an established reputation for high quality products and servicesPartnered with industry veteran and fundless sponsor to acquire chain of 24 stores from a UK parent. An upscale grocery store serving customers throughout New Jersey, New York and Connecticut, Kings provides a unique shopping experience paired with the highest quality foods. From locally sourced, organically grown produce, to fresh fruit, delicious meats to hand-selected cheeses from over 20 countries.

Sell $62M

Seller(S) 1

SELLER

Beringea

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.


DEAL STATS #
Overall 37 of 46
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 23 of 30
Country: United Kingdom M&A 22 of 27
Year: 2022 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-28 Festicket

London, United Kingdom

Festicket is the world’s largest portal for music festival experiences. Festicket empowers music fans with a seamless service to discover and book tickets and travel packages for over 1200 music festivals worldwide. The two-sided marketplace uses a network of over 4000 accommodation and travel suppliers to create end-to-end experiences. Festicket was founded in 2013 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Complion

Cleveland, Ohio, United States

Complion is a cloud-based eRegulatory platform that improves efficiency for research sites and sponsors and research institutions by enabling a sponsor-approved solution for collecting and managing a site network’s clinical trial documentation, ensuring that everyone in an organization follows standard processes and procedures while providing administrators visibility into compliance. Complion was founded in 2013 and is based in Cleveland, Ohio.

Sell -