M&A Deal Summary

True Capital and Prairie Management Group Acquire Cotswold

On October 3, 2016, private equity firm True Capital and family office Prairie Management Group acquired retailer Cotswold from Blackbird Retail

Acquisition Highlights
  • This is True Capital’s 2nd and Prairie Management Group’s 2nd transaction in the Retail sector.
  • This is True Capital’s 3rd and Prairie Management Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-10-03
Target Cotswold
Sector Retail
Buyer(s) True Capital
Prairie Management Group
Sellers(s) Blackbird Retail
Deal Type Divestiture

Target

Cotswold

Norwich, United Kingdom
Cotswold is a retail furniture store. Cotswold sells high quality oak, pine, painted furniture and accessories. Cotswold was founded in 1997 and is based in Norwich, United Kingdom.

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Buyer(S) 2

Buyer

True Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 300M GBP
Size Middle-Market
Type Sector Focused
DESCRIPTION

True Capital is a private equity firm focused on opportunities in the retail and consumer sectors. True Capital looks to commit £10 to £40 million per transaction and seeks to leverage its network and operational expertise when considering investments. True Capital was formed in 2013 and is based in London.


DEAL STATS #
Overall 3 of 10
Sector: Retail M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 3 of 7
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Blackbird Retail

Norfolk, United Kingdom

Blackbird Retail sells high-quality oak, pine, painted furniture, and accessories that handle over 100,000 orders every year from its 170,000 sq ft warehouse in Wednesbury. Blackbird Retail is based in Norfolk, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-22 Frugi

Cornwall, United Kingdom

Frugi is an ethical and organic children’s clothing brand that designs, manufactures, and sells sustainably-sourced organic cotton apparel and accessories for babies, children, and new mothers. Frugi was founded in 2004 and is based in Cornwall, United Kingdom.

Buy -
DESCRIPTION

Prairie Management Group is a family backed investment firm formed by Gordon Segal, founder of home furnishings retailer Crate & Barrel. The Firm looks to invest in private equity deals and commercial real estate throughout the US. The Firm's private equity group seeks to invest alongside private equity sponsors in high growth disruptive businesses where the Firm can participate as a strategic investor. Prairie Management Group was formed in 2008 and is headquartered in Northbrook, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Retail M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-15 Evereve

Edina, Minnesota, United States

Evereve is an operator of a fashion retailer brand focused on producing apparel for mothers. Evereve was founded in 2004 and is based in Edina, Minnesota.

Buy -

Seller(S) 1

SELLER

Blackbird Retail

Norfolk, United Kingdom

Category Company
Sector Retail
DESCRIPTION

Blackbird Retail sells high-quality oak, pine, painted furniture, and accessories that handle over 100,000 orders every year from its 170,000 sq ft warehouse in Wednesbury. Blackbird Retail is based in Norfolk, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Cotswold

Norwich, United Kingdom

Cotswold is a retail furniture store. Cotswold sells high quality oak, pine, painted furniture and accessories. Cotswold was founded in 1997 and is based in Norwich, United Kingdom.

Buy -