NULL

AURELIUS closes the acquisition of Footasylum from JD Sports

08.08.2022

AURELIUS closes the acquisition of Footasylum from JD Sports

Luxembourg/Munich, August 8, 2022 – AURELIUS announces the successful completion of the acquisition of Footasylum, one of the leading retailers of athleisure in the UK, from JD Sports Fashion Plc (JD Sports). The transaction was valued at approximately EUR 45m (GBP 37.5m). In 2022, Footasylum is expected to generate total revenues of more than EUR 340m (GBP 287m) with an attractive EBITDA margin.

Footasylum is an omni-channel retailer of fashion streetwear and sportswear operating across 63 stores in the UK, with a ‘hyper-local’ approach – seeking to serve the local community. The company was founded in 2005, was acquired by JD Sports in 2019 and is headquartered in Rochdale, UK. Footasylum operates through its retail estate, seven websites (group and own brand sites) and associated warehouse facilities. The business sells a mix of footwear, apparel and accessories through stores, websites, and a wholesale channel.

AURELIUS will work closely together with Footasylum’s management team, aiming to enhance digitalisation, continue to build on the prominent local presence and leverage own brand opportunities. Various initiatives are expected to improve profitability and ensure Footasylum remains one of the UK’s favourite destinations for fashion streetwear and sportswear.

“We are absolutely delighted to be welcoming Footasylum to AURELIUS’ dynamic portfolio of British companies. Footasylum has exceptional brand recognition with a strong presence across our local high streets. This has been supported by an impressive trading performance over the past few years, particularly when considering the retail sector’s recent challenges. Moving forward, AURELIUS will be looking to support Footasylum’s next phase of growth by enhancing the company’s online offering and developing its own brand proposition”, stated Tristan Nagler, Partner at AURELIUS.

The transaction was completed by AURELIUS European Opportunities IV, controlling a 70 % stake and its Co-Investor AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), controlling the remaining 30 %.

AURELIUS was advised on the transaction by Lincoln International (Corporate Finance & Debt Advisory), OC&C (Commercial), Baker & Mackenzie; DLA Piper (Legal), and EY (Tax).

Legal Information

The information on this website is for informational purposes only. The information on this website is not, and is not intended to be, investment advice nor is it a recommendation to enter into any investment; investors should seek independent investment advice before making any investment decisions. The information on this website does not constitute an offer to buy or sell any investment product or service or to engage in any investment activity, or a solicitation of any investment product or service in any jurisdiction in which Aurelius is not permitted to provide its services or make available any investment product.

Any investment opportunities that Aurelius makes available from time to time will only be available to professional investors and will be subject to separate terms and conditions which will apply. This website and the contents herein are only available to such investors in jurisdictions where Aurelius is permitted to offer its products or services. No other person may rely on the information contained in this website.

For UK recipients

This website has been communicated by Aurelius Investment Advisory Limited (“Aurelius”), an authorised representative for its principal Mirabella Advisers LLP, which is authorized and regulated by the Financial Conduct Authority, FCA FRN 606792.

This website is directed at only those entities who are investment professionals with professional experience in matters relating to the contents of this website or other persons who would be classified as professional investors or eligible counterparties pursuant to the rules of the Financial Conduct Authority. In particular, this website is not available to, and may not be relied on by, any person who is a retail investor. If you are in any doubt as to whether you would be deemed to be a retail investor, please seek professional advice and refrain from accessing this website until such advice has been received.