Here are some highlights of the latest Apparel, Accessories and Footwear Market Monitor published by Moss Adams Capital:
• Middle Market M&A activity continues to thrive, growing 17% in 2014, while middle market Apparel, Accessories, and Footwear (“AAF”) transaction volume grew 29%
• Notable recent transactions include M1 Limited and L Capital Asia agreeing to acquire Pepe Jeans, Irving Place Capital’s takeover offer for American Apparel, and Youngone acquiring majority stake in
SCOTT Sports
• Diversified Large Cap and Performance AAF stocks kept pace with the S&P 500 growing 18% and 14% respectively, while Diversified Small Cap and Aspirational stocks declined
• Median sales and EBITDA of selected AAF companies are projected to grow 7% and 12% respectively, slightly higher than the S&P 500