M&A Deal Summary

The Warehouse Acquires Noel Leeming

On December 1, 2012, The Warehouse acquired retailer Noel Leeming from Gresham Private Equity Fund for 65M USD

Acquisition Highlights
  • This is The Warehouse’s 1st transaction in the Retail sector.
  • This is The Warehouse’s largest (disclosed) transaction.
  • This is The Warehouse’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2012-12-01
Target Noel Leeming
Sector Retail
Buyer(s) The Warehouse
Sellers(s) Gresham Private Equity Fund
Deal Type Add-on Acquisition
Deal Value 65M USD

Target

Noel Leeming

Auckland, New Zealand
Noel Leeming is Noel Leeming Group?s flagship retail brand. It strives to offer a superior standard of service and the widest possible range of branded consumer technology and appliances. Noel Leeming promises its customers that it will never knowingly be undersold. It provides comprehensive after sales support.

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Buyer(S) 1

Buyer

The Warehouse

Auckland, New Zealand
Category Company
Founded 1982
Sector Retail
Employees5,739
Revenue 3.4B NZD (2023)
DESCRIPTION

The Warehouse engages in the retail of general merchandise and apparel in New Zealand. The company also sells stationery products, technology and appliance products, and outdoor and sporting equipment. The Warehouse was founded in 1982 and is based in Auckland, New Zealand.

DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (New Zealand) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-11 Diners Club

Newmarket, New Zealand

Buy -

Seller(S) 1

SELLER

Gresham Private Equity Fund

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 525M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gresham Private Equity is the private equity arm of financial advisory firm Gresham Partners. Gresham Private Equity seeks buyout, growth capital, public to private, and buy and build investments in Australia and New Zealand. The Firm seeks transactions valued from $100 to $500 million. Target sectors include business services, marine, distribution, apparel, industrial products, communications, and consumer services. Gresham Private Equity was established in 1999 and is based in Sydney.

DEAL STATS #
Overall 9 of 10
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 5 of 6
Country (New Zealand) 1 of 1
Year (2012) 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-02 Witchery Fashions Pty

Collingwood, United States

Witchery Fashions Pty Ltd. is a apparel retailer through its focus on fashionably designed and high quality ladies apparel.

Sell $172M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-23 Tasmanian Walking Company

Australia

The Tasmanian Walking Company consists of two iconic 'experiential tourism' assets in Tasmania, Cradle Huts, and Bay of Fires Walks.

Sell -
Mergr

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