DGAP-News: Willkie Farr&Gallagher LLP: Willkie advises Palamon in its sale of dress-for-less to strategic buyer Privalia Venta Directa
(firmenpresse) - DGAP-News: Willkie Farr&Gallagher LLP / Key word(s): Disposal
Willkie Farr&Gallagher LLP: Willkie advises Palamon in its sale of
dress-for-less to strategic buyer Privalia Venta Directa
08.03.2011 / 10:29
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Palamon Capital Partners, one of Europe's leading mid-market private equity
firms, has agreed to sell dress-for-less to strategic buyer Privalia Venta
Directa, a leading online sales club for fashion brands headquartered in
Barcelona, Spain. The terms of the transaction were not disclosed.
Headquartered in Kelsterbach near Frankfurt, dress-for-less is one of
Europe's largest on-line designer fashion retailers. Palamon acquired the
company in 2007, having recognized strong growth trends in the value
segment of on-line retail. dress-for-less sells end-of-season designer
clothing on-line through an efficient delivery and return system, providing
convenience and value to consumers. Following Palamon's investment, the
company embarked on a substantial growth strategy, which was supported by
the development of a new, state-of-the art logistics facility and IT
infrastructure.
During Palamon's ownership, dress-for-less achieved compound annual growth
rates of more than 35% in revenue and profitability through significant
expansion across Europe, entering the full-price fashion segment and the
acquisition of a specialized online retailer, Kolibri. Today,
dress-for-less offers a range of over 13,000 end-of-season clothing and
footwear items from 450 designer labels, including leading brand names, to
consumers in over 50 countries.
The company's Joint Managing Directors, Mirco Schultis and Holger
Hengstler, will continue to lead the business and assume executive
positions in Privalia.
The Willkie team was led by Dr. Stefan Jörgens (Corporate/Private Equity)
and included partners Mario Schmidt (Corporate/Private Equity), Rolf
Hünermann (Regulatory/Corporate Commercial), Patrick Meiisel (Tax), Dr.
Christian Rolf (Employment Law), Jan Wilms (Finance) and associates Ingo
Bednarz (Corporate/Private Equity), Tobias Daubert (Finance), Tobias
Dietrich (Regulatory/Corporate), Dr. Markus Käpplinger (Corporate/Private
Equity), Jochen Riechwald (Employment Law), Dr. Stephanie Schmidt-Ehemann
(Corporate/Private Equity), Dr. Octávio de Sousa (Corporate/Private Equity)
and Dr. Matthias Werner (Corporate/Private Equity).
Willkie Farr&Gallagher LLP is an international law firm, comprising
approximately 640 attorneys with offices in New York, Washington, Paris,
London, Milan, Rome Frankfurt and Brussels. The firm is headquartered in
New York City at 787 Seventh Avenue, Tel.: 001 212 728 8000.
Frankfurt, March 8, 2011
End of financial news
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08.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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114722 08.03.2011
Datum: 08.03.2011 - 10:29 Uhr
Sprache: Deutsch
News-ID 33405
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