M&A Deal Summary

Perry Ellis International Acquires Rafaella Apparel Group

On January 7, 2011, Perry Ellis International acquired apparel/textiles company Rafaella Apparel Group from Cerberus Capital Management for 70M USD

Acquisition Highlights
  • This is Perry Ellis International’s 2nd transaction in the Apparel/Textiles sector.
  • This is Perry Ellis International’s 2nd largest (disclosed) transaction.
  • This is Perry Ellis International’s 2nd transaction in the United States.
  • This is Perry Ellis International’s 2nd transaction in New York.

M&A Deal Summary

Date 2011-01-07
Target Rafaella Apparel Group
Sector Apparel/Textiles
Buyer(s) Perry Ellis International
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition
Deal Value 70M USD
Advisor(s) Financo (Financial)

Target

Rafaella Apparel Group

New York, New York, United States
Rafaella is a designer, sourcer, marketer and distributor of a full line of women's better sportswear, and recognized throughout the women's apparel industry and by consumers for its superior fitting pants.

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Buyer(S) 1

Buyer

Perry Ellis International

Miami, Florida, United States

Category Company
Founded 1967
Sector Apparel/Textiles
Employees2,700
Revenue 899M USD (2016)
DESCRIPTION
Perry Ellis' corporate headquarters in Miami, Florida.
Perry Ellis' corporate headquarters in Miami, Florida.

Perry Ellis International is a designer, distributor and licensor of apparel and accessories for men and women. The company owns or licenses a portfolio of brands that include some of the leading names in fashion such as Perry Ellis, Savane, Jantzen, Original Penguin by Munsingwear, Cubavera, Laundry by Shelli Segal, Gotcha, Callaway Golf Apparel, Nike Swim, C&C California, Rafaella, Grand Slam, Ben Hogan, and Jack Nicklaus. Perry Ellis International was formed in 1967 and is based in Miami, Florida.


DEAL STATS #
Overall 2 of 3
Sector (Apparel/Textiles) 2 of 2
Type (Add-on Acquisition) 1 of 2
State (New York) 2 of 2
Country (United States) 2 of 3
Year (2011) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-04 Salant

New York, New York, United States

Salant Corp. designs, produces, imports and markets to retailers throughout the United States brand name and private-label menswear apparel products. Salant sells its products to department stores, specialty stores, major discounters and national chains.

Buy $91M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-11 Anchor Blue

Ontario, California, United States

Anchor Blue, Inc. is a retailer of casual apparel and accessories for the teenage market.

Buy -

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


DEAL STATS #
Overall 10 of 54
Sector (Apparel/Textiles) 1 of 3
Type (Add-on Acquisition) 3 of 27
State (New York) 1 of 4
Country (United States) 8 of 36
Year (2011) 1 of 4
Size (of disclosed) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Keane Group

Houston, Texas, United States

Keane Group, Inc. provides top hole drilling and hydraulic fracturing services to major operators in the Marcellus Shale basin and across the U.S. Keane Group was founded in 2011 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-04 Focus DIY

Barking, United Kingdom

Focus DIY is one of the leading do-it-yourself and gardening retailers in the UK. Operating over 250 stores, Focus offers a broad range of own brand and branded home and garden decorative products as well as power tools, building materials, plants and lawnmowers.

Sell -