M&A Deal Summary

Palamon Capital Partners Acquires Rug Company

On November 9, 2015, private equity firm Palamon Capital Partners acquired apparel/textiles company Rug Company from Piper

Acquisition Highlights
  • This is Palamon Capital Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Palamon Capital Partners’ 16th transaction in the United Kingdom.

M&A Deal Summary

Date 2015-11-09
Target Rug Company
Sector Apparel/Textiles
Buyer(s) Palamon Capital Partners
Sellers(s) Piper
Deal Type Secondary Buyout

Target

Rug Company

London, United Kingdom
Rug Company is a designer and producer of handmade luxury contemporary rugs with an established international sales presence through 10 own showrooms and a number of franchisees and concessions worldwide. Rug Company was founded in 1997 and is based in London, United Kingdom.

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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 34 of 38
Sector: Apparel/Textiles M&A 1 of 2
Type: Secondary Buyout M&A Deals 3 of 4
Country: United Kingdom M&A 16 of 17
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 Redpin

London, United Kingdom

Redpin is a provider of foreign exchange (“FX”) and international payment solutions to private and corporate clients. The company enables its customers to perform FX transactions and transfers at highly competitive rates through its proprietary online platform, via email or by phone. Redpin was founded in 1995 and is based in London, England.

Buy £200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-04 Towry Holdings

Bracknell, United Kingdom

Towry Holdings Ltd. is a provider of a wealth management services model which combined fee-for-service advice with discretionary asset management capability. Towry Holdings was established in 1968 and is based in Bracknell, United Kingdom.

Sell £600M

Seller(S) 1

SELLER

Piper

London, United Kingdom

Category Private Equity Firm
Founded 1986
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Piper is a specialist private equity firm focused on investments in consumer brands with strong growth potential. Piper specifically targets high-growth, small to mid-sized companies in retail, leisure, and consumer products and services. The Firm works closely with management to build industry-leading companies. Prospective businesses are generally profitable with revenues of £5 to £25 million. Piper prefers companies based in the UK and invests up to £15 million per transaction. The Firm will consider both control and minority investment positions. Piper was formed in 1986 and is based in London, England.


DEAL STATS #
Overall 11 of 22
Sector: Apparel/Textiles M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 7
Country: United Kingdom M&A 11 of 22
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 Forthglade Foods

Okehampton, United Kingdom

Forthglade Foods is a natural pet food brand, producing premium wet and dry dog food and treats. Forthglade Foods was founded in 1971 and is based in Okehampton, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Diet Chef

Newbridge, United Kingdom

Diet Chef provides consumers who are overweight or obese with a highly convenient, affordable, effective, and sustainable weight loss solution. Designed to meet recommended Government guidelines on weight loss, consumers are particularly attracted by the Diet Chef proposition because it offers them a broad range of chef-prepared meals (with no additives or preservatives), delivered to their door that they can simply heat and eat. Diet Chef was founded in 2007 and is based in Newbridge, Republic of Ireland.

Sell -