M&A Deal Summary

Pacific Brands Acquires Sheridan Australia Pty.

On September 23, 2005, Pacific Brands acquired apparel/textiles company Sheridan Australia Pty. from CPE Capital for 62M USD

Acquisition Highlights
  • This is Pacific Brands’ 2nd transaction in the Apparel/Textiles sector.
  • This is Pacific Brands’ largest (disclosed) transaction.
  • This is Pacific Brands’ 3rd transaction in Australia.

M&A Deal Summary
Date 2005-09-23
Target Sheridan Australia Pty.
Sector Apparel/Textiles
Buyer(s) Pacific Brands
Sellers(s) CPE Capital
Deal Type Add-on Acquisition
Deal Value 62M USD

Target

Sheridan Australia Pty.

Ultimo, Australia
Sheridan Australia Pty. Ltd. is a producer and marketer of premium bed linen and towels with about a 60% market share of branded bed linen products in Australia. Sheridan had meaningful operations in the US and UK and a growing presence in Asia and Europe. Sheridan products were sold in 40 countries around the globe.

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Buyer(S) 1

Buyer

Pacific Brands

Richmond, Australia
Category Company
Founded 1888
Sector Consumer Products
Employees3,600
Revenue 790M AUD (2015)
DESCRIPTION

Pacific Brands is a provider in underwear, footwear, and sports equipment predominantly sourced from China, and bedding manufactured in Australia. Well known brands include Bonds, Berier, Holeproof, Grosby, Clarks, Malvern Star, Dunlop and Slazenger.

DEAL STATS #
Overall 3 of 5
Sector (Apparel/Textiles) 2 of 4
Type (Add-on Acquisition) 3 of 4
Country (Australia) 3 of 5
Year (2005) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-20 TMI Australasia Pty.

Richmond, Australia

TMI Australasia Pty. Ltd. is a distributor and supplier of licensed underwear and sleepwear to major retailers in Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-19 Globe International - Streetwear Division

Australia

Globe International's Streetwear Division is a building and managing boardsports and streetwear brands.

Buy AU$42M

Seller(S) 1

SELLER

CPE Capital

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHAMP Private Equity is an Australian private equity firm focused on seed, expansion stage, and buyout investments across a range of industry sectors. CHAMP's buyout practice looks for businesses valued A$100 million and A$750 million, requiring at least A$30 million in equity capital. The Firm primarily looks for businesses operating in Australia and New Zealand. CHAMP is affiliated with New York based private equity firm Castle Harlan. CHAMP Private Equity was formed in 2000 and is based in Sydney.

DEAL STATS #
Overall 5 of 27
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 11
Country (Australia) 5 of 24
Year (2005) 2 of 3
Size (of disclosed) 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Australian Pacific Paper Products

Dingley, Australia

DSG Pty Ltd, trading as Australian Pacific Paper Products (APPP) is an Australian manufacturing company supplying disposable absorbent products to local and overseas markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 AUSTAR Entertainment Pty

Brisbane, Australia

AUSTAR Entertainment Pty Ltd (Formerly Austar United Communications Ltd) the largest subscription television operator in regional and rural Australia. AUSTAR provides subscription television services in a service area of approximately 2.4m homes, one-third of Australia's total homes, primarily using digital satellite technology. AUSTAR also operates a digital cable network in Darwin.

Sell -
Mergr

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