M&A Deal Summary

Steinhoff Acquires Poundland

On February 11, 2015, Steinhoff acquired retailer Poundland from Warburg Pincus

Acquisition Highlights
  • This is Steinhoff’s 1st transaction in the Retail sector.
  • This is Steinhoff’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2015-02-11
Target Poundland
Sector Retail
Buyer(s) Steinhoff
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition

Target

Poundland

Willenhall, United Kingdom
Poundland is the largest single price discount retailer in Europe.

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Buyer(S) 1

Buyer

Steinhoff

Stellenbosch, South Africa

Category Company
Founded 1964
Sector Consumer Products
Employees91,519
Revenue 7.9B EUR (2020)
DESCRIPTION

Steinhoff is an integrated retailer that manufactures, sources and retails furniture and household goods in Europe, Africa and Australia. In addition, the group owns diversified industrial businesses in southern Africa through supply chain solutions, passenger services, timber products and manufacturing operations across diverse industries. Steinhoff was founded in 1964 and is based in Stellenbosch, South Africa.


DEAL STATS #
Overall 1 of 3
Sector (Retail) 1 of 3
Type (Add-on Acquisition) 1 of 3
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Mattress Firm

Houston, Texas, United States

Mattress Firm is multi-brand mattress retailer. Mattress Firm brands include Mattress Firm, Sleepy's and Sleep Train, offers a broad selection of both traditional and specialty mattresses, bedding accessories and other related products. Mattress Firm was formed in 1886 and is based in Houston, Texas.

Buy $3.8B

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 111 of 251
Sector (Retail) 3 of 7
Type (Add-on Acquisition) 44 of 90
Country (United Kingdom) 12 of 17
Year (2015) 3 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-10 Tulip Media

Shanghai, China

Tulip Media Corporation, Ltd. headquartered in Shanghai, is a leading outdoor advertising company focusing on large outdoor LED displays in prime metropolitan areas across China. Tulip currently has 7 screens in operation, 10 under development and 11 sites under discussion. Tulip plans to operate a network of 28 screens by the end of 2007, covering Shanghai, Beijing, Guangzhou and selective second-tier cities

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-15 City Retail Developments

Jakarta, Indonesia

City Retail Developments is an emerging real estate developer and operator in Indonesia. City Retail Developments was incorporated in 2003 and is based in Jakarta, Indonesia.

Buy -