M&A Deal Summary

Signet Jewelers Acquires Zale

On February 20, 2014, Signet Jewelers acquired retailer Zale from Golden Gate Capital for 1.5B USD

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

M&A Deal Summary

Date 2014-02-20
Target Zale
Sector Retail
Buyer(s) Signet Jewelers
Sellers(s) Golden Gate Capital
Deal Type Add-on Acquisition
Deal Value 1.5B USD
Advisor(s) BofA Securities (Financial)
Cravath, Swaine & Moore (Legal)

Target

Zale

Irving, Texas, United States
Zales storefront in the Miller Hill Mall of Duluth, Minnesota.
Zales storefront in the Miller Hill Mall of Duluth, Minnesota.
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.

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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 3 of 7
Sector (Retail) 2 of 4
Type (Add-on Acquisition) 2 of 6
State (Texas) 1 of 1
Country (United States) 2 of 6
Year (2014) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-13 H&A Cutting Works Pty

Gaborone, Botswana

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 R2net

New York, New York, United States

R2Net is a provider of complete bespoke solutions to transition brick and mortar jewelry stores into thriving e-commerce retailers. From development to inventory , company provide with all the necessary tools to lower costs and increase revenue.

Buy $328M

Seller(S) 1

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 39 of 84
Sector (Retail) 7 of 11
Type (Add-on Acquisition) 20 of 39
State (Texas) 4 of 7
Country (United States) 35 of 76
Year (2014) 1 of 8
Size (of disclosed) 5 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-08 U.S. Silica

Frederick, Maryland, United States

U.S. Silica Company is the major producer of industrial sand in North America with 22% market share in most of its local markets. The company supplies well-diversified, growing end markets including glass, building products, fillers/extenders, foundry, chemicals, oil and gas, matrix materials and ceramics.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-25 LiveVox

San Francisco, California, United States

LiveVox is a provider of enterprise cloud contact center solutions, managing 9+ billion interactions annually. It empowers effective channel-of-choice engagement strategies. The company's risk mitigation and security capabilities help its clients adapt to changing business environments. LiveVox is based in San Francisco, California.

Buy -