< BACK TO SCREENER
Samsonite International
exitedConsumer / Travel (Global) — CVC Capital Partners
Deal Terms
Entry Year2007
Entry EV$1.7B
Entry Multiple7x
Leverage5x
Debt Amount$0.85B
Outcome
Exit Year2011
Risk Metrics
LTV (est.)50%
Debt / EV0.50x
Notes
CVC bought Samsonite for $1.7B (2007). IPO'd on Hong Kong Stock Exchange for $1.25B (2011). CVC made 3x+ return. But pre-CVC history: Samsonite had already been through Bain Capital LBO (1998) that loaded debt and led to 2009 restructuring. Serial PE ownership of world's largest luggage maker. Workers in developing countries bore the cost-cutting.