M&A Deal Summary

Permira Acquires Homebase

On March 1, 2001, private equity firm Permira acquired retailer Homebase from Sainsbury for 750M GBP

Acquisition Highlights
  • This is Permira’s 3rd transaction in the Retail sector.
  • This is Permira’s 30th largest (disclosed) transaction.
  • This is Permira’s 12th transaction in the United Kingdom.
Investment Fate
  • Homebase was sold to a publicly-traded strategic buyer in 2002.
  • Homebase was divested to a consortium of strategic buyers in 2006.
  • Homebase was divested to a consortium of strategic buyers in 2016 for 340M GBP.
  • Homebase was divested to a consortium of buyers in 2018.

M&A Deal Summary
Date 2001-03-01
Target Homebase
Sector Retail
Buyer(s) Permira
Sellers(s) Sainsbury
Deal Type Divestiture
Deal Value 750M GBP

Target

Homebase

Milton Keynes, United Kingdom
Homebase is an operator of home improvement and garden retailer. Homebase delivers an established and scalable platform with stores that are the right size for the UK market and support warehouse merchandising and a low cost operating model. Homebase was founded in 1979 and is based in Milton Keynes, United Kingdom.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B 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 STATS #
Overall 29 of 161
Sector (Retail) 3 of 10
Type (Divestiture) 5 of 18
Country (United Kingdom) 12 of 34
Year (2001) 2 of 4
Size (of disclosed) 30 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-01 TFL

Singapore, Singapore

TFL (Together for Leather) is a key player in leather chemicals market. The company researches, manufactures and markets chemicals products and provided application services for the treatment of leather for tanneries. TFL was founded in 1996 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-01 Grammar AG

Germany

Grammar AG is a worldwide leader in the innovative development and production of component parts and systems for car interiors as well as driver and passenger seats.

Buy -

Seller(S) 1

SELLER

Sainsbury

London, United Kingdom
Category Company
Founded 1869
Sector Retail
Employees171,000
Revenue 32.7B GBP (2024)
DESCRIPTION

Sainsbury today operates over 1,203 supermarkets and convenience stores and employs around 117000 colleagues. Sainsbury was founded in 1869 and is based in London, the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-12 Star Market

Boise, Idaho, United States

Star Market Company a major supermarket chain in the greater metropolitan Boston area.

Buy $482M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-28 Safeway

Hayes, United Kingdom

Safeway Ltd. is a retailer in the United Kingdom. It has approximately 480 stores, which offer approximately 22,000 different product lines.

Buy -
Mergr

Product

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