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  5. Torque Brands Acquires TM Lewin Group

M&A Deal Summary

Torque Brands Acquires TM Lewin Group

On May 12, 2020, Torque Brands acquired retailer TM Lewin Group from Bain Capital Private Equity

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

M&A Deal Summary
Date 2020-05-12
Target TM Lewin Group
Sector Retail
Buyer(s) Torque Brands
Sellers(s) Bain Capital Private Equity
Deal Type Add-on Acquisition

Target

TM Lewin Group

London, United Kingdom
T.M. Lewin is a British businesswear retailer, known for its Jermyn Street heritage, invention of the first button-through shirt and affordable British style. T.M. Lewin serves customers from over 95 stores in the UK and Australia and over 90 franchise stores in the Middle East, Africa, India, South East Asia, and a strong online presence. T.M. Lewin was formed in 1898 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Torque Brands

London, United Kingdom
Category Company
Sector Business Services
DESCRIPTION

Torque Brands is a holding company focused on acquiring a portfolio of complementary brands, which will be integrated onto one common shared services platform, leveraging group and platform efficiencies. Torque Brands is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector: Retail 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

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 127 of 152
Sector: Retail M&A 10 of 11
Type: Add-on Acquisition M&A Deals 36 of 41
Country: United Kingdom M&A 6 of 8
Year: 2020 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 Showa Aircraft Industries

Tokyo, Japan

Showa Aircraft Industries is a manufacturer of products for the transportation industry, including honeycomb core panels and other industrial applications. It also operates a significant portfolio of properties and commercial facilities in Akishima City, including golf courses, hotels, and shopping malls. Showa Aircraft Industry was founded in 1937 and is based in Tokyo, Japan.

Buy $817M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 DEPObank

Milan, Italy

DEPObank SpA is a specialized bank focused on providing securities services and bank payments to businesses from the domestic market, and a reference point for the entire Italian financial system. DEPObank was formed in 2018 and is based in Milan, Italy.

Sell -
Mergr

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