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Going Private • Retail

Rhône Group Acquires Hudson s Bay

On June 10, 2019, private equity firm Rhône Group acquired retailer Hudson s Bay for 1.1B CAD

Acquisition Context
  • This is Rhône Group’s 1st transaction in the Retail sector.
  • This is Rhône Group’s 3rd largest (disclosed) transaction.
  • This is Rhône Group’s 2nd transaction in Canada.
  • This is Rhône Group’s 1st transaction in Ontario.

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M&A Deal Summary
Date June 10, 2019
Target Hudson s Bay
Sector Retail
Buyer(s) Rhône Group
Deal Type Going Private
Deal Value 1.1B CAD

Target Company

Hudson s Bay

Brampton, Ontario, Canada
Hudson’s Bay operates approximately 250 department stores in the U.S. and Canada. The company owns a portfolio of 77 properties located in premium urban locations, both directly and through its joint ventures, including the Saks Fifth Avenue flagship store in New York. Hudson’s Bay Company offers an assortment of apparel, accessories, shoes, beauty products, and home merchandise through its three retail banners: Hudson’s Bay, Saks Fifth Avenue, and Saks OFF 5TH. Hudson's Bay was founded in 1670 and is based in Brampton, Ontario.
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Buyer Overview 1

Buyer

Rhône Group

New York, New York, United States
Category Private Equity Firm
Founded 1996
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Rhône Group is a private equity and financial advisory firm focused on large-scale buyouts across North America and Western Europe. Areas of interest include energy, materials, industrials, retail, consumer products, healthcare, and financial services. Rhône was formed in 1995 and has offices in New York, Paris, and London.

Deal Context for Buyer #
Overall 26 of 35
Sector: Retail 1 of 1
Type: Going Private 2 of 2
State: Ontario 1 of 1
Country: Canada 2 of 2
Year: 2019 2 of 3
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Rexair

Troy, Michigan, United States

Rexair is a direct seller and manufacturer of premium vacuum cleaning systems for residential customers. The company’s principal product, the Rainbow® vacuum cleaner, is the world’s premier home cleaning system and is sold in countries around the globe through a broad network of third-party distributors. Rexair was formed in 1936 and is based in Troy, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 GardaWorld Security

Montreal, Quebec, Canada

GardaWorld Security is a privately owned security services providers, offering a range of highly focused business solutions including cash services, protective services, and aviation services. GardaWorld works across a broad range of sectors, including natural resources and critical infrastructures, retail, construction, telecommunications, and manufacturing, and on behalf of Fortune 500 companies, governments, NGOs, and humanitarian relief organizations. Garda World was founded in 1995 and is based in Montreal, Quebec.

Sell CA$5.2B

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