Home / Knowledge / News / Apparel/Garments / Barclays sells Schneider to Silverfleet
Barclays sells Schneider to Silverfleet
19
Oct '10
Silverfleet Capital, the European private equity firm has added to its retail portfolio with the acquisition of Schneider Versand Holding GmbH (“The Schneider Group”), a market leading German catalogue and on-line retailer selling fashion, lifestyle and promotional products, in a secondary buyout from Barclays Private Equity. The parties agreed not to disclose details of the acquisition price.

Headquartered in Wedel (near Hamburg), the Schneider Group sells products into the German, Austrian, Swiss, Dutch and Swedish markets with total sales in 2009 of €241 million and an EBITDA of €26 million.

As part of the deal management and the founder's family are reinvesting and will continue to hold a minority stake in the business. The transaction, which is subject to competition authority approval, is expected to close in November. Debt capital was provided by a syndicate of banks led by UniCredit.

Sebastian Kern, who is responsible for the transaction at Silverfleet Capital, alongside Guido May, both partners in its Munich office, said: “The Schneider Group is financially strong and cash generative and has grown significantly due to its distinctive ranges, also shared warehousing and distribution operations mean that it benefits from a highly efficient and cost effective infrastructure. This has played a significant part in supporting the rapid growth of the Group's on-line sales and it is in this area where we see significant potential to add scale and grow the business.”

Carsten Muuß, managing director of the Schneider Group, added: “During the sales process, the Silverfleet Capital team has shown a comprehensive and impressive knowledge of our market. We are now looking forward to the implementation of new growth drivers in cooperation with our new majority owner and the further development of our business model.”

The Schneider Group is known for retailing fashion and lifestyle products under the trading names of Impressionen, Conley's and Discovery, which 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 which are distributed to around 2 million small and medium sized businesses across Germany.

This acquisition is Silverfleet's second from its current €670 million fund following the acquisition in September 2009 of Kalle, a global leader in the production of artificial sausage casings.

Silverfleet Capital


Must ReadView All

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search