Buyout (LBO, MBO, MBI) • Apparel/Textiles

Permira Acquires Groupe Kindy

On May 1, 1991, private equity firm Permira acquired apparel/textiles company Groupe Kindy

Acquisition Context
  • This is Permira’s 1st transaction in the Apparel/Textiles sector.
  • This is Permira’s 1st transaction in France.

Explore All 508 Buyout (LBO, MBO, MBI) Apparel/Textiles Deals - Search the Database Free


M&A Deal Summary

Date May 1, 1991
Target Groupe Kindy
Sector Apparel/Textiles
Buyer(s) Permira
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Groupe Kindy

Beauvais, France
The Permira Funds invested in the buyout of family-owned Groupe Kindy in May 1991. Based near Beauvais in France, Kindy was the leading French manufacturer of socks.At the time of acquisition Kindy, which markets its products under 2 strong brands - Kindy and Labonal - manufactured over 27 million pairs of socks per annum from two plants in France. In addition Kindy imported a further 13 million pairs. Sales were made principally through hypermarkets and supermarkets in the domestic French market.Having made significant investment in upgrading its production equipment, the business focused on increasing productivity and improving operating efficiency. Groupe Kindy floated on the Paris Second Marche in May 1994.
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Buyer Overview 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


Deal Context for Buyer #
Overall 6 of 171
Sector: Apparel/Textiles 1 of 6
Type: Buyout (LBO, MBO, MBI) 6 of 55
Country: France 1 of 9
Year: 1991 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-01-01 Ushers of Trowbridge

Brixham, United Kingdom

Ushers of Trowbridge Ltd is a operator of Drinking Places in Liskeard.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1992-01-01 Chiroscience

Brussels, Belgium

Chiroscience was originally a speciality chemicals business, supplying 'chiral' intermediates to the drug industry. It was founded in 1987 as Enzymatix with initial funding from the British Sugar Corporation (part of Berisford International).The Permira Funds invested in the buyout from Berisford in March 1992. The well known UK biotech entrepreneur, Sir Christopher Evans, was Chief Scientific Officer.A further round of private funding, led by the Permira Funds in June 1993, and a public flotation in February 1994, helped finance the company's transformation into a fully-fledged drug discovery business.

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