M&A Deal Summary

Strandbags Acquires Antler Luggage

On February 18, 2020, Strandbags acquired consumer products company Antler Luggage from Endless

Acquisition Highlights
  • This is Strandbags’ 1st transaction in the Consumer Products sector.
  • This is Strandbags’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2020-02-18
Target Antler Luggage
Sector Consumer Products
Buyer(s) Strandbags
Sellers(s) Endless
Deal Type Add-on Acquisition

Target

Antler Luggage

Bury, United Kingdom
Antler Luggage designs and supplies a range of luggage across two brands, Antler and Revelation. Amongst new lines launched recently is Atom, the award-winning, super-strong and lightweight product made from Armordon, a pioneering material developed and manufactured in the UK.

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Buyer(S) 1

Buyer

Strandbags

Belrose, Australia

Category Company
Founded 1927
Sector Retail
DESCRIPTION

Strandbags is a retailer of luggage and accessories in Australia and New Zealand, where it operates around 300 stores. Strandbags was formed in 1927 and is headquartered in Belrose, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.


DEAL STATS #
Overall 38 of 53
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 22 of 32
Country: United Kingdom M&A 36 of 51
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-19 The Book People

Surrey, United Kingdom

The Book People is a book retailer. Book People sells through its on-line and mail order channel. The Book People was founded in 1988 and is based in Surrey, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 BSW Timber

Earlston, United Kingdom

BSW Timber is an integrated forestry and sawmilling business and it has five main operating divisions: tree nurseries, forestry, sawmilling, timber manufacturing, and energy. BSW Timber was founded in 1848 and is based in Earlston, United Kingdom.

Buy -