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MicrosoftInternetExplorer4
Iconic clothing brand Pepe Jeans is set to
see a 27.9 percent stake sold by € 85 million, with Capital and Capital Arta L
treating the business, known for making jeans, in size.
Pepe management and Spanish private equity
firm Torreal have agreed to the sale, after which will be held 30 to 31 percent
of the company, respectively.
Arta will have a 16.4 percent stake in Pepe
for € 50 and L Capital 11.5 percent for € 35m.
The pair of private equity players intends
to help the company continue its program of consolidation in Europe and
encourage expansion plans in the U.S.,
South America and Asia.
Pepe came from humble origins, established
in 1973 at a stall in London's
Portobello market. Today, the manufacturer of jeans with a workforce of 2,000
and a presence in Spain, Portugal, United
Kingdom, France,
Germany and Italy.
Consumer brands centered L Capital already
has experience of putting money in the area of fashion. The fund manager joined
3i in 2003 to € 105 Gant buy-out of Sweden, in which 3i invested € 13
million for a 20.6 percent stake, while L Capital, which was already a
investors, increased its stake to 35.4 percent.
Gant then at the Stockholm Stock Exchange
on March 2006 to raise € 241m. The list provided partial exits for both private
equity houses, with compensation 3i € 44m and € 76m L Capital.
thomas sabo schmuck
