M&A Deal Summary

NEXT Acquires Made.com

On November 9, 2022, NEXT acquired furniture company Made.com from Amadeus Capital Partners, Level Equity and Eight Roads

Acquisition Highlights
  • This is NEXT’s 1st transaction in the Furniture sector.
  • This is NEXT’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-11-09
Target Made.com
Sector Furniture
Buyer(s) NEXT
Sellers(s) Amadeus Capital Partners
Level Equity
Eight Roads
Deal Type Special Situations/Distressed

Target

Made.com

London, United Kingdom
Made.com is an online design brand that offers high-quality furniture. Made.com is bringing consumers a new way to buy furniture, cutting out the middlemen, and hence saving up to 70% off high street prices. Made.com aims to disrupt high-end furniture stores by controlling each element of its supply chain from manufacturing to the e-commerce platform. Made.com was founded in 2010 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

NEXT

Enderby, United Kingdom

Category Company
Founded 1864
Sector Apparel/Textiles
Employees32,931
Revenue 6.1B GBP (2025)
DESCRIPTION

NEXT is a retailer offering exciting, beautifully designed, excellent quality fashion and accessories for men, women, and children, together with a full range of homewares. NEXT clothes are styled by its in-house design team to offer great style, quality, and value for money with a contemporary fashion edge. NEXT was founded in 1864 and is based in Enderby, England.


DEAL STATS #
Overall 1 of 4
Sector: Furniture M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 4
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-06 Clydesdale Financial Services

United Kingdom

Clydesdale Financial Services is the consumer credit business.Financial Services has grown to become a key provider of store cards and interest free credit products to a number of retail clients including Scottish Hydro, Karen Millen and Focus DIY.

Sell £108M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Joules Group

Market Harborough , United Kingdom

Joules Group is a lifestyle brand that is renowned for its distinctive designs and prints, product range and authentic country heritage. The business offers a broad range of womenswear, menswear, children & babywear, homeware and accessories. Joules Group was founded in 1980 and is based in Market Harborough, United Kingdom.

Buy £34M

Seller(S) 3

SELLER

Amadeus Capital Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Amadeus Capital Partners is an early late-stage investor in high growth European technology companies. Specific areas of interest include AI & machine learning, online consumer services, cybersecurity, digital health and medical technology, digital media, enterprise SaaS, fintech, and insurtech. Amadeus Capital Partners was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 18 of 26
Sector: Furniture M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 2
Country: United Kingdom M&A 9 of 15
Year: 2022 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Five AI

Cambridge, United Kingdom

Five AI provides autonomous vehicle software and development platforms for OEMs and transportation operators, focusing on safety assurance, simulation, and validation of self-driving systems. Five AI was founded in 2015 and is based in Cambridge, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-20 Zilingo

Singapore, Singapore

Zilingo is a fashion-tech company offering e-commerce and digital supply-chain solutions for the apparel industry. The company integrated manufacturers, brands, and retailers on a unified platform to enable data-driven production and sourcing. Zilingo was founded in 2015 and is based in Singapore, Singapore.

Sell -
SELLER

Level Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Level Equity Management LLC is a private investment firm focused on providing equity and structured capital to growth businesses. Sectors of interest include e-commerce, healthcare services, IT, internet software, and media. Level Equity Management was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 17 of 26
Sector: Furniture M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 TaskEasy

Salt Lake City, Utah, United States

TaskEasy is a provider of home exterior services brings contractors and property owners together, providing services for fair market prices, at consistent levels of quality. TaskEasy was founded in 2011 and is based in Salt Lake City, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 Blackthorn.io

New York City, New York, United States

Blackthorn.io provides payment and event management solutions for Salesforce users built within the platform, removing the need for complicated integrations. Blackthorn.io was founded in 2015 and is based in New York City, New York.

Buy -
SELLER

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 100 of 124
Sector: Furniture M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 3
Country: United Kingdom M&A 9 of 11
Year: 2022 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-26 more2

London, United Kingdom

more2 is a data analytics and marketing platform that provides strategy, segmentation and modeling, reporting and analysis, technology, and campaign services to grow retail businesses in the United Kingdom and internationally. It serves fashion, fitness, food and drink, health and beauty, lifestyle, outdoor, and technology clients. more2 was founded in 2002 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 Alternative Bio

Singapore, Singapore

Alternative Bio is a biotechnology company developing novel therapeutics targeting a previously untapped class of post-translational modifying enzymes. Alternative Bio is based in Singapore.

Buy -