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If The Shoe Fits, Buy the Company

by

February 19, 2015

A footwear trade publication says its industry is ripe for dealmaking. The trend has already started with a PE-assisted buyout of Rockport shoes by New Balance, along with a spate of M&A transactions, says Footwearnews. Brand names such as Reebok and Puma are being bandied about as acquisition targets. Mid-market oriented PE players have shown interest in several bidding processes of late, says the report, but they lost out to strategic acquirers.

There may be activity in fashion and footwear in the US however it is not moving the needle in the wider PE community as much as other sectors, according to the latest survey by Mid-Market Pulse, published in partnership with McGladrey. In fact, the expectation is that the most M&A activity in the mid-market over the next six months will be in healthcare, followed by technology, media (survey results shown here) and telecommunications, manufacturing, energy. Consumer goods and retail are at the bottom of the trends barometer.

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