Going Private • Apparel/Textiles

Perseus and Pou Chen Acquire Haggar

On September 1, 2005, merchant bank Perseus and Pou Chen acquired apparel/textiles company Haggar for 212M USD

Acquisition Context
  • This is Perseus’ 2nd and Pou Chen’s 1st transaction in the Apparel/Textiles sector.
  • This is Perseus’ and Pou Chen’s largest (disclosed) transaction.
  • This is Perseus’ 13th and Pou Chen’s 1st transaction in the United States.
  • This is Perseus’ 4th and Pou Chen’s 1st transaction in Texas.
Investment Fate
  • Haggar was sold to a strategic buyer in 2019.

Explore All 19 Going Private Apparel/Textiles Deals - Search the Database Free


M&A Deal Summary

Date September 1, 2005
Target Haggar
Sector Apparel/Textiles
Buyer(s) Perseus
Pou Chen
Deal Type Going Private
Deal Value 212M USD
Advisor(s) Bear Stearns
BofA Securities (Financial)
Vinson & Elkins
Wilson Sonsini Goodrich & Rosati (Legal)

Target Company

Haggar

Farmers Branch, Texas, United States
Haggar is a manufacturer of men’s fine dress pants and slacks into one of the recognized apparel brands in the market. Haggar was founded in 1926 and is based in Dallas, Texas.
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Buyers Overview 2

Buyer

Perseus

Washington, District of Columbia, United States

Category Merchant Bank
Founded 1995
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Perseus is a private equity firm focused on middle-market buyouts, recapitalizations, and growth equity investments. Perseus looks businesses operating with proven management, strong brands, and 'powerful intellectual property'. Sectors of interest include biotechnology, medical devices, branded consumer products, business services, information technology, communications, and energy/environmental service companies. Perseus was formed in 1995 and maintains offices in Washington DC, New York City, and Munich.


Deal Context for Buyer #
Overall 15 of 28
Sector: Apparel/Textiles 2 of 2
Type: Going Private 1 of 2
State: Texas 4 of 5
Country: United States 13 of 22
Year: 2005 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-25 NxtPhase

Vancouver, British Columbia, Canada

NxtPhase is a manufacturer and marketer of optical sensors and digital solutions to the electric power industry that enable improved measurement reliability and management of electric power transmission.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-30 Aclara Software

Wellesley, Massachusetts, United States

Aclara Software, Inc. is an energy consumers via their browser based software with companies, products, and services that help them conserve energy and lower their energy bills. Nexus also creates unique e-business solutions for utilities that want to develop or improve customer support systems by supplying critical tools and information that help consumers deal with the complexity of energy decisions.

Sell $29M
Buyer

Pou Chen

Taichung, Taiwan

Category Company
Founded 1969
Sector Apparel/Textiles
Employees275,921
Revenue 263.8B TWD (2024)
DESCRIPTION

Pou Chen is a canvas and rubber footwear company that is focused on athletic and casual footwear manufacturing. Pou Chen was founded in 1969 and is based in Taichung, Taiwan.


Deal Context for Buyer #
Overall 1 of 1
Sector: Apparel/Textiles 1 of 1
Type: Going Private 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2005 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Haggar

Farmers Branch, Texas, United States

Haggar is a manufacturer of men’s fine dress pants and slacks into one of the recognized apparel brands in the market. Haggar was founded in 1926 and is based in Dallas, Texas.

Sell -