M&A Deal Summary

WHP Global Acquires Joseph Abboud

On March 5, 2020, private equity firm WHP Global acquired apparel/textiles company Joseph Abboud from Tailored Brands for 115M USD

Acquisition Highlights
  • This is WHP Global’s 2nd transaction in the Apparel/Textiles sector.
  • This is WHP Global’s largest (disclosed) transaction.
  • This is WHP Global’s 2nd transaction in the United States.
  • This is WHP Global’s 2nd transaction in New York.

M&A Deal Summary
Date 2020-03-05
Target Joseph Abboud
Sector Apparel/Textiles
Buyer(s) WHP Global
Sellers(s) Tailored Brands
Deal Type Secondary Buyout
Deal Value 115M USD

Target

Joseph Abboud

New York, New York, United States
website
Joseph Abboud is a men's apparel company that designs, merchandises, sources, manufactures, markets and distributes a wide range of products, including suits, sport coats, trousers, sportswear, dress shirts, ties, and through licensing agreements, men's accessories and home furnishings. Joseph Abboud is based in New York City.

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Buyer(S) 1

Buyer

WHP Global

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2019
PE ASSETS 350M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

WHP Global is a specialist private investment group focused on acquiring and reviving consumer brands. WHP Global was formed in 2019 and is headquartered in New York City.

DEAL STATS #
Overall 2 of 9
Sector (Apparel/Textiles) 2 of 6
Type (Secondary Buyout) 1 of 2
State (New York) 2 of 4
Country (United States) 2 of 8
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Anne Klein

New York, New York, United States

Anne Klein is a designer and merchandiser of clothing and accessories. Its product line includes footwear, watches, clothes, and jewelry. Anne Klein was founded in 1968 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 Tru Kids Brands

Parsippany-Troy Hills, New Jersey, United States

Tru Kids Brands is the proud parent of beloved brands, including Toys“R”Us, Babies“R”Us, Geoffrey the Giraffe, Journey Girls, Fastlane, True Heroes®, You & Me, Imaginarium, and Just Like Home. Tru Kids Brands is based in Parsippany-Troy Hills, New Jersey.

Buy -

Seller(S) 1

SELLER

Tailored Brands

Houston, Texas, United States

website

Category Company
Founded 1973
Sector Apparel/Textiles
Revenue 2.9B USD (2020)
DESCRIPTION
Entrance to Tailored Brands' corporate headquarters in Houston, Texas.
Entrance to Tailored Brands' corporate headquarters in Houston, Texas.

Tailored Brands is a specialty retailer of men's apparel, including suits and sport coats, as well as furnishings and accessories. The Company's brands include Men's Wearhouse, Jos. A. Bank, Moores, and K&G. Tailored Brands was founded in 1973 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Alexandra

Bristol, United Kingdom

Alexandra is the supplier of workwear solutions, trading internationally through their Dimensions, Affinity, Alexandra and Yaffy brands. Alexandra was founded in 1854 and is based in Bristol, United Kingdom.

Sell £62M
Mergr

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