M&A Deal Summary

Piper Acquires Gray & Osbourn

On January 1, 1998, private equity firm Piper acquired publishing company Gray & Osbourn

Acquisition Highlights
  • This is Piper’s 1st transaction in the Publishing sector.
  • This is Piper’s 4th transaction in the United Kingdom.
Investment Fate
  • Gray & Osbourn was sold to a publicly-traded strategic buyer in 2006.

M&A Deal Summary

Date 1998-01-01
Target Gray & Osbourn
Sector Publishing
Buyer(s) Piper
Deal Type Buyout (LBO, MBO, MBI)

Target

Gray & Osbourn

London, United Kingdom
Gray & Osbourn is a female fashion catalogue business focusing on the wealthier mature customer.

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Buyer(S) 1

Buyer

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 4 of 38
Sector: Publishing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 15
Country: United Kingdom M&A 4 of 38
Year: 1998 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Pitcher & Piano

United Kingdom

Pitcher & Piano was the first bar chain to focus on the female customer and truly understand the motivations of the majority of young people who go out for a drink - they want to meet and talk. The business was slowly rolled out with each new unit pushing on the concept and honing the locational and trading size strategy. In 1995 Pitcher & Piano took its first site outside London.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 J P Boden & Co.

London, United Kingdom

Boden is a full service catalogue and internet retailer selling its own brand casual clothes to women, men and children.

Buy -