M&A Deal Summary

Woolovers Acquires Hotter Shoes

On July 21, 2023, Woolovers acquired apparel/textiles company Hotter Shoes from Electra for 7M GBP

Acquisition Highlights
  • This is Woolovers’ 1st transaction in the Apparel/Textiles sector.
  • This is Woolovers’ 0th largest (disclosed) transaction.
  • This is Woolovers’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2023-07-21
Target Hotter Shoes
Sector Apparel/Textiles
Buyer(s) Woolovers
Sellers(s) Electra
Deal Type Add-on Acquisition
Deal Value 7M GBP

Target

Hotter Shoes

Skelmersdale, United Kingdom
website
Hotter Shoes is a provider of comfortable footwear for the grey market. Hotter’s design and assembly are focused in the UK, distinguishing itself as one of the few British made footwear ranges. Hotter Shoes was founded in 1959 and is based in Skelmersdale, United Kingdom.

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Buyer(S) 1

Buyer

Woolovers

West Sussex, United Kingdom

website


Category Company
Founded 1989
Sector Apparel/Textiles
DESCRIPTION

Woolovers Ltd. is a direct-to-customer retailer of own-brand knitwear and jersey apparel. The business has developed from selling products at country shows to international mail order and the online retailer selling jumpers, sweaters, cardigans, tops, and accessories. Woolovers was founded in 1989 and is based in West Sussex, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Electra

London, United Kingdom

Investor

website


Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.


DEAL STATS #
Overall 32 of 32
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 11 of 11
Country (United Kingdom) 25 of 25
Year (2023) 1 of 1
Size (of disclosed) 17 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Sentinel

Warrington, United Kingdom

Sentinel specializes in the cleaning, protecting, and maintenance of heating and cooling systems in eco-friendly buildings through the optimization of water quality. The company's portfolio of additives, filters, and scale protection ensures optimum temperature transfer to all applicable parts in heating and cooling systems. This contributes significantly to energy savings, improves the system performance, and extends the lifetime. Sentinel was formed in 1988 and is based in Warrington, United Kingdom.

Sell -