M&A Deal Summary

True Capital Acquires Apparel Brands

On August 23, 2023, private equity firm True Capital acquired apparel/textiles company Apparel Brands

Acquisition Highlights
  • This is True Capital’s 2nd transaction in the Apparel/Textiles sector.
  • This is True Capital’s 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-08-23
Target Apparel Brands
Sector Apparel/Textiles
Buyer(s) True Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Apparel Brands

Manchester, United Kingdom
Apparel Brands is the fastest-growing brand house. Apparel Brands specialising in design, sourcing, sales and distribution. Apparel Brands distribute apparel, socks and loungewear to major online platforms and high-street retailers, Europe and North America. Apparel Brands was founded in 2017 and is based in Manchester, United Kingdom.

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Buyer(S) 1

Buyer

True Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 300M GBP
Size Middle-Market
Type Sector Focused
DESCRIPTION

True Capital is a private equity firm focused on opportunities in the retail and consumer sectors. True Capital looks to commit £10 to £40 million per transaction and seeks to leverage its network and operational expertise when considering investments. True Capital was formed in 2013 and is based in London.


DEAL STATS #
Overall 10 of 10
Sector: Apparel/Textiles M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 5
Country: United Kingdom M&A 7 of 7
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 Frugi

Cornwall, United Kingdom

Frugi is an ethical and organic children’s clothing brand that designs, manufactures, and sells sustainably-sourced organic cotton apparel and accessories for babies, children, and new mothers. Frugi was founded in 2004 and is based in Cornwall, United Kingdom.

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