M&A Deal Summary

Sainsbury Acquires Homebase - 10 leasehold stores

On July 29, 2024, Sainsbury acquired retailer Homebase - 10 leasehold stores from Homebase

Acquisition Highlights
  • This is Sainsbury’s 3rd transaction in the Retail sector.
  • This is Sainsbury’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2024-07-29
Target Homebase - 10 leasehold stores
Sector Retail
Buyer(s) Sainsbury
Sellers(s) Homebase
Deal Type Divestiture

Target

Homebase - 10 leasehold stores

Milton Keynes, United Kingdom
Homebase's 10 leasehold stores are in key target locations that will grow Sainsbury’s supermarket coverage across England, Northern Ireland, and Scotland.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Sainsbury

London, United Kingdom
Category Company
Founded 1869
Sector Retail
Employees171,000
Revenue 32.7B GBP (2024)
DESCRIPTION

Sainsbury today operates over 1,203 supermarkets and convenience stores and employs around 117000 colleagues. Sainsbury was founded in 1869 and is based in London, the United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Retail) 3 of 3
Type (Divestiture) 1 of 1
Country (United Kingdom) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-28 Safeway

Hayes, United Kingdom

Safeway Ltd. is a retailer in the United Kingdom. It has approximately 480 stores, which offer approximately 22,000 different product lines.

Buy -

Seller(S) 1

SELLER

Homebase

Milton Keynes, United Kingdom
Category Company
Founded 1979
Sector Retail
Revenue 1.5B GBP (2015)
DESCRIPTION

Homebase is an operator of home improvement and garden retailer. Homebase delivers an established and scalable platform with stores that are the right size for the UK market and support warehouse merchandising and a low cost operating model. Homebase was founded in 1979 and is based in Milton Keynes, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Bathstore

Ripon, United Kingdom

Bathstore operates as a retailer of bathroom products in the United Kingdom. It operates a network of retail stores that sell bathroom suites, basins, furniture, toilets, baths, taps, showers, heating systems, cabinets, mirrors, lighting, and accessories. The company was incorporated in 1988 and is based in Ripon.

Buy -
Mergr

Product

Company

Legal