The Paris office of Field Fisher Waterhouse LLP has advised French fashion retailer Paule Ka on the sale of a 70% stake in the business to private equity firm Change Capital Partners.
Paule Ka is a leading French fashion brand founded in 1987 by Serge Cajfinger. Following this acquisition Paule Ka expects to double the number of stores it owns in Europe in the next five years, from the eight currently in France, Belgium and the UK. The company also plans to increase distribution in the US and emerging markets, particularly in Russia and China.
Christopher Mesnooh, admitted to practice in both Paris and New York, said:
“This was a strategically important transaction for Paule Ka and we are pleased to have advised them on this. Paule Ka is one of the last of the independent French fashion houses and it occupies a unique position in the high-end prêt-à-porter market for women’s clothing. Our detailed knowledge of the retail sector ensured we were able to complete this deal quickly and efficiently. This deal will help Paule Ka realise its expansion plans and in turn strengthen the business”.
Mesnooh and Barbier specialise in cross-border acquisitions and private equity transactions, in particular between France and the UK and the US, often in the technology sector, although their experience includes advisory on deals in the areas of heavy industry, natural resources and retailing.
Linklaters advised Change Capital Partners.
For further press information, please contact:
Louise Eckersley, PR Manager, Field Fisher Waterhouse LLP on +44 (0)20 7861 4120
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