Exit: EQT sells CBR Fashion Group to Alteri Investors

Munich — Private equity inves­tor EQT sells CBR Fashion Group to Alteri Inves­tors. The parties have agreed not to disc­lose the sales price.

With its Street One and Cecil brands, the CBR Fashion Group is one of the five largest women’s fashion manu­fac­tu­r­ers in Germany. The group employs over 1,200 people and supplies more than 8,300 sales outlets in 19 Euro­pean count­ries. In Novem­ber 2017, CBR Fashion Group issued a bond in the amount of 450 million euros through. In the past fiscal year to June 2017, CBR had gene­ra­ted sales of around 579 million euros, with earnings before inte­rest, taxes, depre­cia­tion and amor­tiza­tion (Ebitda) of around 100 million euros, accor­ding to the company. Private equity inves­tor EQT had owned CBR Fashion Group since 2007.

The British invest­ment company Alteri Inves­tors was foun­ded in 2014, the company invests in Euro­pean retail compa­nies. The joint venture part­ner is the invest­ment mana­ger Apollo Global Management.

P+P Pöllath + Part­ners advi­sedEQT on the manage­ment invest­ment in the tran­sac­tion with the follo­wing Munich team:
Dr. Bene­dikt Hohaus (Part­ner, M&A/PE, MPP)
Dr. Tim Kauf­hold (Coun­sel, M&A/PE, MPP)
Dr. Sebas­tian Sumal­vico (Asso­ciate, M&A/PE, MPP)
Matthias Ober­bauer (Asso­ciate, M&A/PE, MPP)

P+P Pöllath + Part­ner regu­larly advi­ses EQT on manage­ment invest­ments, for exam­ple on the sale of SAG to SPIE or the sale of BSN medi­cal to the Swedish SCA.