Shearman & Sterling has advised Equistone Partners Europe (“Equistone”) on the financing of the acquisition of TriStyle Mode GmbH (“TriStyle“). The selling shareholders are Primondo Specialty Group GmbH and Wirth Beteiligungs GmbH. Completion of the transaction is subject to cartel clearance and is expected to close in September. The terms of the transaction are confidential.
TriStyle focuses on the over-45 audience via its Peter Hahn and Madeleine Mode womenswear brands. The fashion group distributes its own apparel brands and selected third party brands such as Escada, Basler and Windsor via catalogues, e-commerce and retail stores. Key markets include Germany, Austria, Switzerland, Netherlands and France. In the financial year 2013/14, TriStyle generated total sales of €483 million.
Equistone is one of the leading European private equity investors. Shearman & Sterling advised Equistone just recently on the financing of the acquisition of SportGroup.