Auld Phillips Ltd.
Stern Partners has acquired Auld Phillips Ltd.
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Stern Partners has acquired Auld Phillips Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to Auld Phillips Ltd. in structuring and negotiating this transaction.
Transaction Brief
This transaction has allowed the owner of Auld Phillips Ltd. to implement his succession strategy while ensuring the continued success of the business.
Headquartered in Chilliwack, BC, Auld Phillips Ltd. is a very successful women’s fashion retail chain with over 55 locations across Western Canada. Auld Phillips Ltd. operates under a number of brands offering affordable, unique, quality contemporary fashions for women over 30, sizes 6 to 16. Auld Phillips Ltd. offers a variety of clothing labels and styles of tops, dresses, bottoms and accessories.
Stern Partners is a Vancouver, BC, based private equity group that is currently invested in 18 stand-alone operating companies with combined sales approaching $2 billion and approximately 7,000 employees. Stern Partners is involved in a wide range of businesses, including distribution, manufacturing, retailing, environmental services, publishing and printing, packaging and real estate development.