M&A Deal Summary

Sioen Acquires James Dewhurst

On May 23, 2017, Sioen acquired apparel/textiles company James Dewhurst from AAC Capital UK for 44M GBP

Acquisition Highlights
  • This is Sioen’s 2nd transaction in the Apparel/Textiles sector.
  • This is Sioen’s largest (disclosed) transaction.
  • This is Sioen’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-05-23
Target James Dewhurst
Sector Apparel/Textiles
Buyer(s) Sioen
Sellers(s) AAC Capital UK
Deal Type Add-on Acquisition
Deal Value 44M GBP

Target

James Dewhurst

Altham, United Kingdom
James Dewhurst Ltd. is a manufacturer of woven and non-woven technical textiles used in a wide range of applications to improve the performance of its customers' end products and processes. James Dewhurst Ltd. was founded in 1933 and is based in Altham, United Kingdom.

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Buyer(S) 1

Buyer

Sioen

Ardooie, Belgium

Category Company
Founded 1960
Sector Diversified
Employees4,494
Revenue 510M EUR (2019)
DESCRIPTION

Sioen is a diversified Group with an extensive portfolio of products and activities: spinning, weaving, and coating of technical textiles, manufacturer of professional protective clothing and producer of fine chemicals. Sioen was founded in 1960 and is based in Ardooie, Belgium.


DEAL STATS #
Overall 2 of 2
Sector (Apparel/Textiles) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 Dimension-Polyant

Kempen, Germany

Dimension-Polyant GmbH is a producer of sail cloth, producing woven, laminates, membranes and spinnaker cloths. Dimension-Polyant is the only sailcloth manufacturer having its own ultra-modern sailcloth weaving mill and a unique finishing plant where the fabrics pass through a 14-stage program. Weaving, finishing, laminating occurs all in one process. Dimension-Polyant was established in 1966 and is based in Kempen, Germany.

Buy -

Seller(S) 1

SELLER

AAC Capital UK

London, United Kingdom

Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AAC Capital UK is a mid-market Private equity buyout firm focuses on the niche companies in the Industrial, Business Services and Consumer sectors. AAC Capital UK formerly known as the UK team of ABN AMRO Capital. The firm looks to invest in profitable, cash-generative companies whose principal operations are in the UK. AAC Capital UK LLP is a private equity arm of AAC Capital partners. AAC Capital UK was formed in 2011 and is based in UK.


DEAL STATS #
Overall 19 of 21
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 12 of 12
Country (United Kingdom) 17 of 19
Year (2017) 3 of 5
Size (of disclosed) 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 Martindale Pharmaceuticals

Brentwood, United Kingdom

Martindale Pharmaceuticals Ltd. is a niche manufacturer and supplier of specialty pharmaceutical products and services, including Unlicensed medicines (‘Specials’), injectables, pre-filled syringes and oral solutions. Martindale has a diverse portfolio of over 200 licensed compounds and a proprietary database of 30,000 formulations for Specials. Martindale’s in-house expertise covers the full product lifecycle from formulation, to product development, registration and licensing, manufacturing and full quality monitoring and testing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-15 Dunlop Aircraft Tyres

Birmingham, United Kingdom

Dunlop Aircraft Tyres is a designer and manufacturer of tires for large commercial and military aircraft. Dunlop’s international customer base includes major international airlines, aircraft constructors, wheel and brake manufacturers, and maintenance facilities. Dunlop Aircraft Tyres was founded in 1996 and is based in Birmingham, United Kingdom.

Sell $135M