Delta Galil and PJ Salvage

July 2015

Delta Galil Industries, Ltd. (TLV:DELT), a global manufacturer and marketer of branded and private label apparel products for men, women and children, as well as leisurewear and active wear, has acquired the P.J. Salvage brand and other assets of California-based Loomworks Apparel, Inc., a leading sleepwear, loungewear and intimates manufacturer and distributor with an international following.

P.J. Salvage is widely known for chic style and luxury fabrics, and pioneered the crossover of bedroom fashion into loungewear and everyday wear. The brand’s meticulous attention to detail, superior quality, rich fabrics and flattering fit have made P.J. Salvage a favorite among celebrities and the fashion-minded. Its “California cool” sensibility is featured in leading high-end department store chains and specialty boutiques.

Since its inception in 1975, Delta Galil has continually strived to create products that follow a body-before-fabric philosophy, placing equal emphasis on comfort, aesthetics and quality. The company generates sales of over $1 billion dollar.

Ohana & Co. acted as the exclusive financial advisor to Delta Galil Industries.

Related Transactions

Luxury fashion house J. Mendel (USA) has recapitalized its balance sheet through an investment by The Gores Group, a Los Angeles based private equity firm. Ohana & Co. acted as the exclusive financial advisor to J. Mendel (USA).

Read more

With six stores and a burgeoning e-commerce business that accounts for half of total sales, Bandier has influenced the ath-leisure category since opening its first store in the Hamptons in the summer of 2014. From the start, husband-and-wife founders Jennifer Bandier and Neil Boyarsky offered stylish activewear from an assortment of global brands. To build a loyal customer following, the retailer hosts talks, special events and on-site fitness classes. Accessories, footwear and limited-run products are also part of the company’s assortment.

Headed by cultural entrepreneur and K11 founder Adrian Cheng, C Ventures is a new venture capital fund that focuses on connecting emerging fashion, media and creative businesses for the next generation. With an expanding portfolio, C Ventures strives to map out a cultural ecosystem to meet the fast-changing needs of global millennials and Gen Z. C Ventures also benefits immensely from Cheng’s expansive scope of businesses in China and Asia, which include world’s largest jewellery chain Chow Tai Fook, cultural enterprise New World Group, world’s first museum-retail concept K11, international hospitality group Rosewood Hotels & Resorts, luxury fashion distributor Luxba and leading Chinese media group Modern Media. C Ventures was founded in 2017 and is currently managed by Cheng and his business partner Clive Ng.

Ohana & Co. acted as exclusive financial advisor to C Ventures.

Read more

AREVA (EPA: AREVA), the France-based global leader in nuclear energy with 2015 sales of $4.6 billion, has sold its wholly owned US subsidiary, Canberra Industries, the leading provider of innovative nuclear measurement solutions, to California-based Mirion Technologies, a global leader in radiation detection and protection, backed by private equity fund Charterhouse Capital. Canberra Industries, based in Meriden, Connecticut, is a leader in the nuclear measurement sector. It designs, manufactures and markets innovative and cost-effective nuclear measurement solutions used to maintain safety of personnel, assess the health of nuclear facilities and safeguard the public and the environment. Canberra generated revenues of about $200 million in 2014 and has more than a thousand employees worldwide. In this competitive process initiated by Areva in June 2015, Ohana & Co. acted as global advisor to Canberra’s management team, accompanying it throughout the entire process. Ohana & Co. assisted the management team on the structuring of its exit package, the preparation of the roadshow with the various bidders and the negotiation of equity investment packages with each of the bidders shortlisted by Areva.

Read more