M&A Deal Summary

Signet Jewelers Acquires Diamonds Direct

On November 18, 2021, Signet Jewelers acquired retailer Diamonds Direct from The Blackstone Group for 490M USD

Acquisition Highlights
  • This is Signet Jewelers’ 4th transaction in the Retail sector.
  • This is Signet Jewelers’ 2nd largest (disclosed) transaction.
  • This is Signet Jewelers’ 5th transaction in the United States.
  • This is Signet Jewelers’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2021-11-18
Target Diamonds Direct
Sector Retail
Buyer(s) Signet Jewelers
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition
Deal Value 490M USD

Target

Diamonds Direct

Charlotte, North Carolina, United States
Diamonds Direct offers loose and mounted diamonds, a multitude of engagement ring mountings by designers, diamond and gemstone fashion jewelry, wedding bands, pearls, and much more. Diamonds Direct was formed in 1995 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Signet Jewelers

Hamilton, Bermuda

Category Company
Sector Retail
Employees27,991
Revenue 7.2B USD (2024)
DESCRIPTION

Signet Jewelers is engaged in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. Signet Jewelers is based in Hamilton, Bermuda.


DEAL STATS #
Overall 6 of 7
Sector (Retail) 4 of 4
Type (Add-on Acquisition) 5 of 6
State (North Carolina) 1 of 1
Country (United States) 5 of 6
Year (2021) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Rocksbox

San Francisco, California, United States

Rocksbox is a jewelry rental subscription platform, giving it a significant foothold in a growing online service that speaks to next-generation jewelry customers. Rocksbox was founded in 2012 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Blue Nile

Seattle, Washington, United States

Blue Nile is an online retailer of diamonds and fine jewelry. Blue Nile offers a customer experience that includes education, guidance, selection, customization capability, convenience and value. Blue Nile, Inc. was formed in 1999 and is headquartered in Seattle, Washington.

Buy $360M

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 158 of 173
Sector (Retail) 4 of 4
Type (Add-on Acquisition) 60 of 67
State (North Carolina) 5 of 5
Country (United States) 98 of 105
Year (2021) 14 of 16
Size (of disclosed) 47 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Everlake Life

Northbrook, Illinois, United States

Everlake Life is a US-based insurance company specializing in life insurance and annuities. With over 1.7 million policies in force and over $25 billion in assets under management, Everlake utilizes experience and financial strength to provide customers with high-quality service and policy solutions to meet their needs. Everlake Life was formed in 2021 and is based in Northbrook, Illinois.

Buy $4.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 Aqua Finance

Wausau, Wisconsin, United States

Aqua Finance is a specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. The Company has strong and growing merchant relationships formed over 30 years. Aqua Finance was formed in 1985 and is based in Wausau, Wisconsin.

Sell $1.0B