M&A Deal Summary

Onward Holdings Acquires Jil Sander Italia

On September 1, 2008, Onward Holdings acquired apparel/textiles company Jil Sander Italia from Change Capital Partners for 167M EUR

Acquisition Highlights
  • This is Onward Holdings’ 1st transaction in the Apparel/Textiles sector.
  • This is Onward Holdings’ largest (disclosed) transaction.
  • This is Onward Holdings’ 1st transaction in Italy.

M&A Deal Summary
Date 2008-09-01
Target Jil Sander Italia
Sector Apparel/Textiles
Buyer(s) Onward Holdings
Sellers(s) Change Capital Partners
Deal Type Add-on Acquisition
Deal Value 167M EUR

Target

Jil Sander Italia

Milan, Italy
Jil Sander Italia S.p.A is a luxury fashion house, which designs, manufactures (through sub-contractors) and distributes luxury women's and men's ready-to-wear, accessories, footwear and fragrance.

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Buyer(S) 1

Buyer

Onward Holdings

Italy
Category Company
Founded 1927
Sector Apparel/Textiles
DESCRIPTION

Onward Holdings Co. Ltd. is a provider of apparel and textiles in italy.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Change Capital Partners

London, United Kingdom

Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Change Capital Partners LLP (CCP) is a specialist private equity firm that invests in mid-market retail and consumer goods businesses throughout Europe. CCP seeks controlling positions and looks to invest €20 to €50 million in companies valued from €20 to €250 million. The Firm will consider a variety of transaction situations, including buyouts, corporate divestitures, turnarounds and take privates. Change Capital Partners LLP was formed in 2003 and is based in London.

DEAL STATS #
Overall 2 of 8
Sector (Apparel/Textiles) 1 of 4
Type (Add-on Acquisition) 1 of 4
Country (Italy) 1 of 3
Year (2008) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-06 Hillarys Blinds

Colwick, United Kingdom

Hillarys Blinds Ltd. is a provider of made-to-measure window blinds. Manufactures, sells, and delivers a full in-home measuring and fitting service. Hillarys Blinds was founded in 2001 and is based in Colwick, United Kingdom.

Sell €337M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-19 Hallhuber

Munich, Germany

Hallhuber GmbH is a German women’s wear brand with a distinct positioning of stylish, elegant and distinguished clothes, appreciated by its customers for the high quality of its product and its in-store service.

Buy €25M
Mergr

Product

Company

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