M&A Deal Summary

Nine West Holdings Acquires Sun Apparel

On October 2, 1998, Nine West Holdings acquired apparel/textiles company Sun Apparel from Vestar Capital Partners for 460M USD

Acquisition Highlights
  • This is Nine West Holdings’ 1st transaction in the Apparel/Textiles sector.
  • This is Nine West Holdings’ 2nd largest (disclosed) transaction.
  • This is Nine West Holdings’ 1st transaction in the United States.
  • This is Nine West Holdings’ 1st transaction in Texas.

M&A Deal Summary
Date 1998-10-02
Target Sun Apparel
Sector Apparel/Textiles
Buyer(s) Nine West Holdings
Sellers(s) Vestar Capital Partners
Deal Type Add-on Acquisition
Deal Value 460M USD

Target

Sun Apparel

El Paso, Texas, United States
Sun Apparel, Inc., designs, manufactures, and distributes jeans wear, sportswear, and related apparel for men, women, and children in the United States.

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Buyer(S) 1

Buyer

Nine West Holdings

White Plains, New York, United States
Category Company
Founded 1970
Sector Apparel/Textiles
Revenue 3.8B USD (2013)
DESCRIPTION

Nine West Holdings is a women’s footwear and denim business with a portfolio of brands that includes Nine West, Easy Spirit, Anne Klein, Gloria Vanderbilt, and l.e.i. The company is a wholesale partner to major U.S. retailers, operates over 250 branded concept stores, and has international licensing relationships with over 1,200 points of sale abroad.

DEAL STATS #
Overall 1 of 8
Sector (Apparel/Textiles) 1 of 5
Type (Add-on Acquisition) 1 of 8
State (Texas) 1 of 1
Country (United States) 1 of 6
Year (1998) 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-03 Nine West

White Plains, New York, United States

Nine West Group is a designer, developer, and marketer of women's casual and dress footwear, offering a full selection of women's shoes in three retail price ranges.

Buy $885M

Seller(S) 1

SELLER

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 11 of 66
Sector (Apparel/Textiles) 2 of 4
Type (Add-on Acquisition) 4 of 28
State (Texas) 1 of 2
Country (United States) 11 of 53
Year (1998) 3 of 3
Size (of disclosed) 15 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-01 RedPrairie

Alpharetta, Georgia, United States

RedPrairie Corp. is a developer and marketer of software for managing warehousing and transportation logistics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-01 Consolidated Cigar

Fort Lauderdale, Florida, United States

Consolidated Cigar Co. manufactures, distributes and sells cigars in all segments of the industry: mass market cigars, handmade premium cigars and little cigars. It also makes smoking tobaccos for sale under its own brand names, for bulk sale to tobacconists as well as private-label brands for chain stores and wholesale distributors. The company's mass-market brand names include Dutch Masters, El Producto, Muriel and Antonio y Cleopatra. Its premium cigars are marketed under such brand names as Don Diego, H. Upmann, Primo Del Rey and Te-Amo.

Sell -
Mergr

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