Coopers of Stortford has been acquired by Damartex Group
The Damartex Group, a French clothing distributor, best known in the UK for its Damart range of thermal underwear, has acquired Coopers of Stortford, the multi-channel retailer of practical products for the home, garden and leisure, for US$40 million.
Based in Bishop’s Stortford, Coopers of Stortford was founded in 1995 by husband and wife Neil and Kate Cooper. The company’s direct sales model and loyal customer base, coupled with its own-brand product line and affordable price points give it a competitive advantage over its nearest comparable high street retail chains. As part of a program of planned succession, an experienced management team was put in place well in advance of the sale. The team will focus on further expanding the business and preserving the originality of the Coopers of Stortford brand while capitalizing on the benefits of new ownership as part of the enlarged group.
Headquartered in Paris, Damartex Group is one of the leading European distributors of clothing and accessories for seniors. The company's distribution channels include catalogues, websites and stores, and its main markets are France, the UK and Belgium.
Oaklins Cavendish, based in the UK, advised the seller in this transaction. After a competitive process, the Damartex Group was selected as the preferred bidder, having been initially contacted at main board level by Oaklins' team in France.
Talk to the deal team
Related deals
Nuzoa has acquired Dinazoo
Spanish private equity-backed Nuzoa, a prominent animal health distributor in Spain, has acquired Dinazoo. This acquisition marks one of the first steps in Nuzoa’s international expansion. It will strengthen Nuzoa’s relationships with key clients who also operate in the Portuguese market, along with its suppliers. This agreement will enhance both companies’ presence in the Portuguese market by gaining access to more advanced technology and expanding their portfolio in key areas of the business.
Learn moreNuzoa has acquired Siloal
Spanish private equity-backed Nuzoa, a prominent animal health distributor in Spain, has acquired Siloal. This acquisition marks one of the first steps in Nuzoa’s international expansion. It will strengthen Nuzoa’s relationships with key clients who also operate in the Portuguese market, along with its suppliers. This agreement will enhance both companies’ presence in the Portuguese market by gaining access to more advanced technology and expanding their portfolio in key areas of the business.
Learn morePiper PE and Cool Japan Fund have backed a management buy-out of Inside Travel Group
Inside Travel Group (ITG) has been sold to Piper PE and Cool Japan Fund. This acquisition aligns with ITG’s goal of becoming the leading specialist in tailor-made and group tours across Asia. Piper PE and Cool Japan Fund will continue to support ITG’s founders and management team, driving the business’ growth in Japan and other Asian destinations.
Learn more