Transaction
Transaction Details
Closed
April 12, 2019
Sector
Consumer / Retail / E-commerce / Leisure, E-commerce
Deal Type
Mergers and Acquisitions
Deal Value
£90M
GCA Advises Footasylum plc on Its Recommended Takeover by JD Sports Fashion plc
GCA acted as Rule 3 Advisor, financial advisor and nominated advisor (Nomad) to Footasylum plc, a fashion retailer, on its recommended takeover by JD Sports Fashion plc. The transaction valued Footasylum at £90M ($117M).
Founded in 2005, Footasylum is a multi-channel branded fashion retailer focusing on the footwear and apparel markets. It retails trendy product ranges with products sourced from an extensive stable of third-party and private-label brands, which are predominantly aimed at 16- to 24-year-old fashion-conscious customers.
JD Sports is a multi-channel retailer of fashionable branded sports and casual wear, combining globally recognized brands with several strong private labels. JD Sports operates 2,400 stores across 18 countries and utilizes online and in-store digital technology to create a truly multi-channel, international platform. JD Sports is listed on the Main Market of the London Stock Exchange with a market capitalization of approximately £5B.
The £90M takeover of Footasylum represents a strategic acquisition for JD Sports, which will further expand its UK retail portfolio and strengthen its position in the UK-branded footwear and apparel retail market.
GCA previously advised Footasylum on its IPO in November 2017 and has been retained as its AIM nominated advisor since the IPO.
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