Lee Cooper currently has 35 international licensees, including Landmark in the Middle East and Future Group in India, which are expected to generate $14m in annual royalty revenue in 2013.
The brand is sold in over 80 countries, predominantly in Europe, Asia and the Middle East and has annual global retail sales of $500m.
The business was acquired through Iconix’s Luxembourg subsidiary, Iconix Luxembourg Holdings Sarl.
Sun European Partners is the European adviser to Sun Capital Partners, which has completed 34 acquisitions globally in the packaging sector.
DC Advisory acted as financial adviser to Sun European Partners for the deal.
Sun Capital Partners is currently seeking $3bn for its latest buyout fund, according to a recent SEC filing.
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