Add-on Acquisition • Distribution

Studio Retail Group Acquires GLS Educational Supplies

On December 2, 2004, Studio Retail Group acquired distribution company GLS Educational Supplies from Equistone for 27M GBP

Acquisition Context
  • This is Studio Retail Group’s 1st transaction in the Distribution sector.
  • This is Studio Retail Group’s 0th largest (disclosed) transaction.
  • This is Studio Retail Group’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date December 2, 2004
Target GLS Educational Supplies
Sector Distribution
Buyer(s) Studio Retail Group
Sellers(s) Equistone
Deal Type Add-on Acquisition
Deal Value 27M GBP

Target Company

GLS Educational Supplies

Cheshire, United Kingdom
GLS is a specialist educational supplier, supplying 10,000 schools - predominately in London and the South East - with over 14,000 products including learning materials, arts & crafts materials and furniture.
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Buyer Overview 1

Buyer

Studio Retail Group

Accrington, United Kingdom

Category Company
Founded 1955
Sector Retail
Employees1,703
Revenue 579M GBP (2021)
DESCRIPTION

Studio Retail Group operates as a multi-channel retailer in the business-to-consumer and business-to-business marketplaces primarily in the United Kingdom (UK), Europe, and Asia. Studio Retail Group was founded in 1955 and is based in Accrington, England.


Deal Context for Buyer #
Overall 1 of 2
Sector: Distribution 1 of 1
Type: Add-on Acquisition 1 of 2
Country: United Kingdom 1 of 2
Year: 2004 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-13 Kleeneze

Accrington, United Kingdom

Kleeneze Ltd. is a provider of household products in US.

Buy -

Seller Profile 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 31 of 206
Sector: Distribution 1 of 3
Type: Add-on Acquisition 17 of 70
Country: United Kingdom 22 of 84
Year: 2004 11 of 11
Size (of disclosed) 53 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 DomusVi

Suresnes, France

DomusVi is a provider of services to elderly people. It provides a full range of services to 42 000 residents and customers with 315 nursing homes, 16 residential facilities, 5 mental care facilities and 50 home care agencies throughout France, Spain and China. DomusVi was founded in 1983 and is based in Suresnes, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Phase Eight

LONDON, United Kingdom

Phase Eight offers a range of evening wear, bridalwear and accessories aimed at the 35- to 55-year-old woman. It has 107 stores and 203 concessions throughout the U.K. and Ireland as well as 15 stores and 113 concessions in 16 international markets including Europe, the Middle East and Asia.

Buy £27M