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New Deal


Announced

Parcom and Opportunity Partners to acquire a majority stake in Hunkemöller from The Carlyle Group for $1.2bn.

Financials

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Transaction Value£911m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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lingerie

underclothes

Clothing and Accessories

Netherlands

Pending

Private Equity

Single Bidder

Private

Acquisition

Friendly

Domestic

Majority

Synopsis

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Parcom, a Dutch investment company, and Opportunity Partners, the investment company of Dutch entrepreneur Robert van der Wallen, agreed to acquire a majority stake in Hunkemöller, a European lingerie brand, from The Carlyle Group, a global investment firm Carlyle, for $1.2bn. "Over the last six years, we have successfully transformed Hunkemöller, developing our omni-channel suite, investing in technology, and ensuring that we are focused on providing beautifully designed, sustainable lingerie in a customer-focused experience. Carlyle has been a great partner in this journey and has been truly instrumental in helping us fulfil our goals and overcome the challenges that Covid-19 brought. I’m excited to start the next chapter of our journey with the new investors, and to continue our strong relationship with Carlyle. Each of the new investors understands our business and supports our vision for the company to further evolve our multi-dimensional offering, expanding our routes to market with a focus on sustainability and inclusivity," Philip Mountford, Hunkemöller CEO.

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