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M&A Deal Summary

Signet Jewelers Acquires H&A Cutting Works Pty

On November 13, 2013, Signet Jewelers acquired metals/mining company H&A Cutting Works Pty from Exelco International

Acquisition Highlights
  • This is Signet Jewelers’ 1st transaction in the Metals/Mining sector.
  • This is Signet Jewelers’ 1st transaction in Botswana.

M&A Deal Summary
Date 2013-11-13
Target H&A Cutting Works Pty
Sector Metals/Mining
Buyer(s) Signet Jewelers
Sellers(s) Exelco International
Deal Type Divestiture

Target

H&A Cutting Works Pty

Gaborone, Botswana
H&A Cutting Works (Botswana) Pty Ltd. engages in Diamond Polishing Factory in Gaborone.

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Buyer(S) 1

Buyer

Signet Jewelers

Hamilton, Bermuda
Category Company
Founded 1862
Sector Retail
Employees27,595
Revenue 6.7B USD (2025)
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 2 of 7
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Botswana M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-02 Ultra Stores

Chicago, Illinois, United States

Ultra Stores, Inc. is the retailer of fine jewelry in Value and Outlet centers in the country. Currently the value retailer of fine jewelry in the nation, Ultra is ranked among the top 5 national jewelry chains by National Jeweler Magazine with over 198 stores in operation.

Buy $57M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-20 Zale

Irving, Texas, United States

Zale Corp. is a retailer of diamond and other jewelry products in North America, operating approximately 1,680 retail locations throughout the United States, Canada and Puerto Rico, as well as online. Zale Corporation's brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda.

Buy $1.5B

Seller(S) 1

SELLER

Exelco International

Bracknell, United Kingdom
Category Company
Founded 2011
Sector Metals/Mining
DESCRIPTION

Exelco International Ltd.is a vertically integrated DTC Sightholder. From rough to polished through to finished jewellery, Company progressive corporate structure allows us full visibility across all distribution channels from manufacturing through to end consumer.

DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Botswana M&A 1 of 1
Year: 2013 M&A 1 of 1
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