M&A Deal Summary

Wesfarmers Acquires Homebase

On January 14, 2016, Wesfarmers acquired retailer Homebase from Home Retail Group for 340M GBP

Acquisition Highlights
  • This is Wesfarmers’ 2nd transaction in the Retail sector.
  • This is Wesfarmers’ 0th largest (disclosed) transaction.
  • This is Wesfarmers’ 1st transaction in the United Kingdom.
Investment Fate
  • Homebase was divested to a consortium of buyers in 2018.

M&A Deal Summary
Date 2016-01-14
Target Homebase
Sector Retail
Buyer(s) Wesfarmers
Sellers(s) Home Retail Group
Deal Type Divestiture
Deal Value 340M GBP

Target

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.

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Buyer(S) 1

Buyer

Wesfarmers

Perth, Australia
Category Company
Founded 1914
Sector Diversified
Employees120,000
Revenue 44.0B AUD (2024)
DESCRIPTION

Wesfarmers is a diversified Australian holdings company. Wesfarmers' business segments include supermarkets, department stores, home improvement and office supplies; coal production and export; chemicals, energy and fertilisers; and industrial and safety products. Wesfarmers was founded in 1914 and is based in Perth, Australia.

DEAL STATS #
Overall 6 of 6
Sector (Retail) 2 of 2
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 Quadrant Energy Holdings Pty

Perth, Australia

Quadrant Energy has an established portfolio of producing assets and prospective exploration targets, a substantial base of contracted sales, and proven management capability. Quadrant Energy supplies more than 40 percent of Western Australia’s domestic gas, and a significant proportion of the nation’s oil production. And thanks to a strong focus on exploration and development activities, Quadrant Energy will continue to underpin the State’s energy market and contribute to Australia’s national energy security.

Buy -
FOLLOWING 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.

Sell -

Seller(S) 1

SELLER

Home Retail Group

Central Milton Keynes, United Kingdom
Category Company
Founded 1964
Sector Retail
Employees30,468
Revenue 4.2B GBP (2016)
DESCRIPTION

Formed in 1964, Home Retail Group is a home and general merchandise retailer based in the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 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 -
Mergr

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