NautaDutilh assisted Global Alternative Asset Manager The Carlyle Group (CG:NASDAQ) with the envisaged purchase of a controlling interest in Hunkemöller from PAI Partners. NautaDutilh worked alongside Latham & Watkins.
The Carlyle Group is one of the most experienced private equity firms in the consumer and technology sectors with a strong global presence. Notable previous and current investments by The Carlyle Group include companies such as Beats, Moncler, Twin Set, Holland & Barrett, De Tuijn, Essenza & Vogue. Capital for this investment will come from Carlyle Europe Partners IV (CEP IV), a European-focused upper-mid market buyout fund.
Under PAI Partners’ ownership, Hunkemöller has become a significant omni-channel lingerie brand with a global e-Commerce presence and a footprint of more than 700 retail stores across Europe. The lingerie brand now holds pole position in Benelux, is a significant force in Germany, and is increasing its presence across France, Spain and Scandinavia.
The transaction remains subject to advice of the Dutch works council and consultation of the Belgian and European works council as well as approvals from relevant regulatory authorities. The transaction is expected to be completed in the first quarter of 2016.
The NautaDutilh's core team comprised Willianne van Zandwijk, Jaap Jan Trommel and Nicole Dashorst. Also involved were Joost den Engelsman Silvia Hubers (M&A | Management Participation), Chris Warner, Saskia Bijl de Vroe (Tax), Arjan Pors, Jinne van Belle (Finance), Maarten Buma, Dido Wolvius (Notarial).
For more information, please see Carlysle's press release.