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Announced

Pacific Equity Partners to acquire Modern Star from Navis Capital for $435m.

Financials

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Transaction Value£333m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

school labels

Specialty Retailers

children's toys & clothing

Acquisition

Private Equity

gifts

Private

Friendly

Domestic

nursery brand distribution

Education Services

educational supplies

Single Bidder

Majority

Pending

Synopsis

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Pacific Equity Partners, a private equity firm, agreed to acquire Modern Star, a supplier of educational supplies, from Navis Capital Partners, a private equity firm, for $435m. "When we invested in Modern Star our objective was to leverage Modern Star’s platform to reach almost every K-12 educational institution in Australia, grow share of wallet and double its market share, which we have successfully accomplished. The business also performed strongly during Covid-19, demonstrating the resilience and diversification of the B2B platform. We wish the management team all the best as Modern Star embarks on the next phase of its growth journey with PEP. As for Wisdom, we continue to see strong growth prospects for the brand and the long-term macro thematics underpinning the kindergarten sector in China," Philip Latham, Navis Capital Head.

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