Equistone Partners Europe Limited through its Fund V has acquired a majority stake in TriStyle Mode GmbH. The mid-market focused private equity firm, together with the company's management, is buying all the shares in the business. All legal aspects of the transaction were handled by an international team of CMS. The selling shareholders are Primondo Specialty Group GmbH and Wirth Beteiligungs GmbH. The parties have agreed not to disclose the purchase price. The transaction is subject to regulatory approval by the competition authorities.
Via its subsidiaries Peter Hahn und Madeleine Mode, TriStyle distributes its own apparel brands and selected third party brands with a focus on the over-45 audience. Key markets include Germany, Austria, Switzerland, Netherlands and France. In the financial year 2013/14, TriStyle generated total sales of EUR 483 million with over 1100 employees.
An international CMS team lead by Martin Bell and Heike Wagner advised Equistone in connection with this transaction on all legal aspects of the acquisition and the management participation. All Austrian aspects of the transaction were handled by a corporate team led by CMS partner Alexander Rakosi.
Equistone Partners Europe is one of Europe’s leading investors in mid-market buyouts with offices in Germany, Switzerland, France and the UK. Equistone has a strong focus on change of ownership deals with enterprise values of between EUR 50 million and EUR 300 million.
Caroline Schmidt, all Corporate/M&A
Heike Wagner, both Lead Partners
Tobias Arnold, all M&A
Johannes Baare, both Corporate
Dominik Seehawer, all Commercial
Kristina Kneip, all Employment
Dirk Smielick, IP
Christian Rein, IT/Data Protection
Heinz Joachim Kummer, Real Estate
Andrea Ferchl, all Corporate/M&A
Martijn van der Bie
Herman van Aerts, both Corporate/M&A
Matthias Le Pan
Matthieu Rollin, all Corporate/M&A
Narinder Jugpal, both Corporate/M&A