Transaction Details

October 23, 2014
Manchester

Sector

Consumer, Retail, E-commerce and Leisure

Deal Type

M&A

Deal Value

N/D

Repurchase of Next plc’s stake in Cotton Traders

Cotton Traders is a UK clothing retailer, specialising in men’s and women’s casual clothing and rugby apparel. The Company operates from over 130 stores and is expanding into international markets including Australia.

Next plc is a c.£10bn market cap clothing retailer with more than 500 stores in the UK and 200 stores across 40 countries internationally. Next plc acquired a 33% stake in the business and provided logistics and operational support to the Company over a number of years.

GCA Altium was appointed to negotiate the acquisition of Next plc’s 33% interest in Cotton Traders on behalf of the founders and majority shareholders, Fran Cotton and Steve Smith. GCA Altium advised on all aspects of the transaction, including negotiation with Next plc and project management through to completion, in a transaction which valued the Company at £45m.

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