M&A Deal Summary

Palamon Capital Partners Acquires Happy Socks

On January 16, 2017, private equity firm Palamon Capital Partners acquired apparel/textiles company Happy Socks from Scope Capital Advisory for 765M SEK

Acquisition Highlights
  • This is Palamon Capital Partners’ 2nd transaction in the Apparel/Textiles sector.
  • This is Palamon Capital Partners’ 5th largest (disclosed) transaction.
  • This is Palamon Capital Partners’ 3rd transaction in Sweden.

M&A Deal Summary

Date 2017-01-16
Target Happy Socks
Sector Apparel/Textiles
Buyer(s) Palamon Capital Partners
Sellers(s) Scope Capital Advisory
Deal Type Secondary Buyout
Deal Value 765M SEK

Target

Happy Socks

Stockholm, Sweden
Happy Socks is an international brand of design socks. The company’s mission is to spread happiness by turning an everyday essential into a colourful design piece with a high standard of quality, craftsmanship, and creativity. Happy Socks was founded in 2008 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Palamon Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Palamon Capital Partners LP is a private equity firm that targets investments in high-growth service-oriented businesses throughout Europe. Palamon specifically looks for companies operating in business services, financial services, media and communications, leisure and entertainment, information technology, and healthcare. The Firm's target investment size is €30 to €100 million. Funds are generally used to support development needs, however, Palamon will also consider investing in early-stage businesses, recapitalizations, deleveraging transactions, turnarounds, and buyouts. Palamon Capital Partners LP was formed in 1999 and is based in London.


DEAL STATS #
Overall 35 of 38
Sector: Apparel/Textiles M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 4
Country: Sweden M&A 3 of 3
Year: 2017 M&A 1 of 2
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 EnGrande S.L.

Barcelona, Spain

EnGrande S.L. is an online budget accommodation booking businesses through its flagship website www.budgetplaces.com and its network of affiliate 30’s sites.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-11 Sigla Credit

Conegliano, Italy

Sigla Credit is a provider of personal loans for private individuals with an average life of three years and an average size of €4,000. Sigla Credit is based in Conegliano, Italy.

Sell -

Seller(S) 1

SELLER

Scope Capital Advisory

Stockholm, Sweden

Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 190M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Scope Capital Advisory AB is a private equity firm that invests in growth-oriented Scandinavian companies. Scope partners with management in targeting businesses with a 'commercially validated and differentiated value proposition'. It looks to invest €4 to €15 million in transactions valued from €4 to €30 million. Scope was formed in 2001 and has offices in Stockholm and Geneva.


DEAL STATS #
Overall 15 of 20
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
Country: Sweden M&A 13 of 15
Year: 2017 M&A 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-13 Colosseum Dental Group

Zurich, Switzerland

Colosseum Dental Group is the provider of private dental care in Scandinavia. The company currently operates 11 clinics in Norway, 7 in Sweden and 2 in Denmark, offering a range of services from basic dental care to specialist surgery. Colosseum’s business model allows dental professionals to fully focus on the provision of dental care in a flexible and stimulating working environment, supported by centralized support functions. Colosseum Dental Group was founded in 1986 and is based in Zurich, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 Miss Mary

Borås, Sweden

Miss Mary is an international lingerie company that designs, produces and sells lingerie and swimwear. Miss Mary was founded in 1957 and is based in Borås, Sweden.

Buy -