M&A Deal Summary

Sunrise Records Acquires HMV Canada

On February 5, 2019, Sunrise Records acquired retailer HMV Canada from Hilco Capital

Acquisition Highlights
  • This is Sunrise Records’ 1st transaction in the Retail sector.
  • This is Sunrise Records’ 1st transaction in Canada.
  • This is Sunrise Records’ 1st transaction in Ontario.

M&A Deal Summary
Date 2019-02-05
Target HMV Canada
Sector Retail
Buyer(s) Sunrise Records
Sellers(s) Hilco Capital
Deal Type Add-on Acquisition

Target

HMV Canada

Toronto, Ontario, Canada
HMV Canada, Inc. is a retailer of music, DVD, Blu-ray, Headphones, and books. HMV Canada was founded in 1986 and is based in Toronto, Canada.

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Buyer(S) 1

Buyer

Sunrise Records

Ancaster, Ontario, Canada
Category Company
Founded 1977
Sector Retail
DESCRIPTION

Sunrise Records Ltd. is an operator of a Canadian record store chains. Sunrise offers a larger and broader array of music in comparison to HMV, including larger selections of vinyl records and music by local independent artists, as well as expanded offerings of music and entertainment apparel and merchandise. Sunrise Records was founded in 1977 and is based in Ancaster, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Hilco Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Hilco Capital is the investment arm of financial advisory group Hilco Global. Hilco Capital principally seeks to acquire or provide funding to UK-based companies in the retail, consumer products, manufacturing, engineering, and distribution sectors. The Firm will invest equity or debt capital and can invest up to £150 million per transaction. Hilco has a special interest acquiring troubled or distressed companies. Hilco Capital was formed in 2000 and is headquartered in London.

DEAL STATS #
Overall 2 of 5
Sector (Retail) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-25 Homebase

Milton Keynes, United Kingdom

Homebase is an operator of home improvement and garden retailer. Homebase delivers an established and scalable platform with stores that are the right size for the UK market and support warehouse merchandising and a low cost operating model. Homebase was founded in 1979 and is based in Milton Keynes, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Chapelle Jewellery

Middlesex, United Kingdom

Chapelle Jewellery is an operating retail jeweller that offers a wide range of diamonds, jewellery and watches. Chapelle Jewellery was founded in 1979 and is based in Middlesex, United Kingdom.

Sell -
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