Silverfleet acquires Schneider Group from Barclays

The founding family and management reinvested in the business and now own a minority stake. Debt facilites were provided by a Unicredit-led syndicate.

Barclays Private Equity bought 70% of the Schneider Group in 2005; while the deal value was undisclosed, it was estimated to be in the €100-250m range. The investor's strategy of internationalisation and development of the various sales lines has resulted in a 21% increase in EBITDA between 2009 and 2010.

Founded in 1965, the Schneider Group is a fashion and lifestyle products retailer. Its Impressionen, Conley's and Discovery brands sell both in-house designed collections and brands such as Belstaff, True Religion, Boss and Tommy Hilfiger through catalogues and online. More recently the group launched several web-only retail concepts. The company also sells corporate gifts and promotional products under the Schneider name, mainly via catalogues.

Headquartered in Wedel, the Schneider Group targets the German, Austrian, Swiss, Dutch and Swedish markets. It generated a €241m turnover and €26m EBITDA in 2009.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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• Topics
• DACH
• Buyouts
• Exits
• Consumer
• Secondary buyout
• Barclays Private Equity
• Germany