M&A Deal Summary

Palero Acquires Krähe

On January 17, 2015, private equity firm Palero acquired apparel/textiles company Krähe from The Berner Group

Acquisition Highlights
  • This is Palero’s 1st transaction in the Apparel/Textiles sector.
  • This is Palero’s 5th transaction in Germany.

M&A Deal Summary

Date 2015-01-17
Target Krähe
Sector Apparel/Textiles
Buyer(s) Palero
Sellers(s) The Berner Group
Deal Type Divestiture

Target

Krähe

Schlierbach, Germany
KRÄHE is a mail-order company (B2B and B2C) for workwear and protective clothes with main sales channels catalog and online. The company operates three divisions (“KRÄHE”, “AKB” and “World of Western”) with over 20,000 articles and a growing private label segment. Krähe was founded in 2007 and is based in Schlierbach, Germany.

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Buyer(S) 1

DESCRIPTION

Palero is a private investment firm focused on growth-oriented company investments throughout German-speaking Europe. The Firm looks to invest up to €20 million in mid-sized companies with revenues of €30 to €300 million. Palero does not have any sector preferences. Palero was established in 2010 and is headquartered in Munich, Germany.


DEAL STATS #
Overall 7 of 17
Sector: Apparel/Textiles M&A 1 of 1
Type: Divestiture M&A Deals 7 of 10
Country: Germany M&A 5 of 14
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 Bandfix AG

Bergdietikon, Switzerland

Bandfix AG develops, manufactures and sells adhesive jewelery and design labels at the site Bergdietikon in Zurich.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 Felina

Mannheim, Germany

Felina is a lingerie brand that offers exquisite lingerie with a high comfort factor for today’s confident women who seek the ideal combination of an elegant, seductive look, perfect fit, and excellent quality even in large cup sizes. Felina was founded in 1885 and is based in Mannheim, Germany.

Buy -

Seller(S) 1

SELLER

The Berner Group

Kunzelsau, Germany

Category Company
Founded 1957
Sector Distribution
DESCRIPTION

The Berner Group operates as a direct selling company in building, construction, and automotive sectors.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2015 M&A 1 of 1