M&A Deal Summary

Truworths Acquires Office Holdings

On November 30, 2015, Truworths acquired retailer Office Holdings from Silverfleet Capital for 256M GBP

Acquisition Highlights
  • This is Truworths’ 1st transaction in the Retail sector.
  • This is Truworths’ largest (disclosed) transaction.
  • This is Truworths’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2015-11-30
Target Office Holdings
Sector Retail
Buyer(s) Truworths
Sellers(s) Silverfleet Capital
Deal Type Add-on Acquisition
Deal Value 256M GBP
Advisor(s) Rothschild Global Advisory (Financial)
Travers Smith (Legal)

Target

Office Holdings

London, United Kingdom
Office Holdings Ltd. has a full multi-channel retail offering, including stores, department store concessions, web-shops, in-store tablets and click & collect services.

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Buyer(S) 1

Buyer

Truworths

Cape Town, South Africa
Category Company
Founded 1917
Sector E-Commerce
Employees12,126
Revenue 19.9B ZAR (2023)
DESCRIPTION

Truworths is an e-commerce online shopping for women and men's fashion including gift vouchers and florist facility. Truworths was founded in 1917 and is based in Cape Town, South Africa.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Silverfleet Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Silverfleet Capital is an independent private equity firm that invests in market leading businesses in growing sectors. Silverfleet looks to acquire companies headquartered in Western Europe or US-based businesses with a substantial European presence. Target companies are typically valued between €75 and €500 million and operate in sectors spanning business and financial services, healthcare, leisure, and retail/consumer. Silverfleet Capital was formerly known as PPM Capital, operating under Prudential plc. Silverfleet has offices in London, Paris, Munich, and Chicago.

DEAL STATS #
Overall 24 of 42
Sector (Retail) 4 of 5
Type (Add-on Acquisition) 5 of 13
Country (United Kingdom) 13 of 18
Year (2015) 1 of 1
Size (of disclosed) 11 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 Masai Clothing

Copenhagen, Denmark

Masai Clothing is a wholesaler and retailer of women’s fashion, with a global presence as a result of its established distribution platform. Masai is based in Copenhagen, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Coventya

Villeneuve-la-Garenne, France

Coventya develops and supplies specialty chemicals for surface finishing in over 40 countries and 4 continents. Coventya is based in Villeneuve-la-Garenne, France.

Buy -
Mergr

Product

Company

Legal