Clearwater Corporate Finance, the Birmingham-based firm has advised Macintosh Retail, the Netherlands-headquartered company on its acquisition of shoe retailer Jones Bootmaker.

The purchase of Jones Bootmaker the Eastbourne-based shoemaker will give ninety three more stores and consumer sales of about ninety five million pounds to the Maastricht-based retailer’s selection.

In the year of 2008, Macintosh Retail purchased Brantano, the shoe retailer which has more than one hundred and fifty stores in the United Kingdom, as part of the Belgian listed company Brantano NV.

The Clearwater team had t Gareth Iley Phil Burns and Richard Shaw, who advised Macintosh Retail to go for the acquisition.

The director at Clearwater, Gareth Iley stated that the retail industry has faced considerable number of challenges over recent months, but this deal shows that businesses having quality in the sector can still be attractive acquisition targets. Further strengthening in the retail industry is likely to follow in 2011, especially when overseas buyers seek to secure their ground in the UK.

Brantano is an established and respected brand and the acquisition of Jones Bootmaker shows that Macintosh is ambitious to increase its coverage of the UK shoe retail market by buying complementary brands.

The corporate partner of Browne Jacobson located in Nottingham, Richard Cox, provided legal advice to Macintosh on the take over.

One of the oldest shoe shop of high street’s chains has been taken over up by a Dutch retail major following a five-month sale process, landing its owners a forty million pounds payday. Jones Bootmaker, which can trace its roots back over one hundred and fifty years, yesterday confirmed that it had agreed to a takeover by Macintosh Retail Group.