Destination XL Group Acquired by Zodiac Partners II | Consumer M&A Deal

Zodiac Partners II has completed the acquisition of Destination XL Group, a retail business in Florida, for $0.82 per share. Destination XL Group operates consumer retail stores selling apparel and related products, supporting a retail acquisition strategy in the consumer M&A market. Zodiac Partners II acquisitions target a going private acquisition of the Destination XL Group common stock, with the offer structured as a cash tender for all outstanding shares. The private equity acquisition is filed as a Schedule TO going-private transaction under SEC rules, with an announced deal size of about $75 million and a cash purchase price of $0.82 per share.