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Kelso nets 4x return on Anya Hindmarch sale to mystery Qatari buyer

9 Aug 2012

London-based special situations investor Kelso Place has made over four-times its money from the sale of Anya Hindmarch to an unnamed Qatari investment group, in a deal that values the luxury handbag and accessories brand at £70m.

The company, based in London and established 25 years ago, has grown to become widely respected as a leading luxury handbag and accessories brand.

A spokesperson for Kelso Place said the details of the buyer could not be disclosed.

Sales are through its directly-operated stores and website as well as through its franchise partners in Japan, USA, Hong Kong, Malaysia, Taiwan and the Middle East and through selected specialty retailers in other markets around the world.

Through Kelso Place’s period of ownership, which began in 2006, the company has grown globally with sales increasing by 225 per cent and EBITDA by 440 per cent.

Kelso has experience in working with luxury fashion brands, having owned Smythson, the luxury leather goods and bespoke stationery retailer, as well as iconic global fashion brand Nicole Farhi, which it bought from US private equity firm OpenGate Capital earlier this year.

“This deal demonstrates not only Kelso Place’s commitment as a long term investor, but also one with substantial experience in the luxury brand sector,” said Kelso managing partner Sion Kearsey.

“We are now focused on delivering the same outcome from our Nicole Farhi acquisition.”

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