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Hogan Lovells Advises Actis on its Acquisition of Vlisco Group

LONDON, 13 September 2010 - Hogan Lovells has advised Actis, an emerging markets private equity investor, on its acquisition of fashion retail business Vlisco Group from Gamma Holding for €118 million. Vlisco Group is the market leader in designer high fashion fabrics.

The real estate in Helmond, Netherlands, will remain the property of Gamma Holding and will be let out to Vlisco Group. A long-term lease with a market-rate rent, to be indexed annually, has been agreed.

Vlisco Group is a 164-year-old business which contributes to multiple West African economies with diverse brands ranging from luxury, Vlisco, through to its mid-tier business, Uniwax, to contemporary brands GTP and Woodin. The brands have a strong following among African consumers and are also drawing increasing attention from luxury fashion designers globally.

Private Equity partner Alan Greenough said:

"Actis are an important client of Hogan Lovells and we are pleased to work with them on this acquisition.  We bring our cross-border capability in Europe and our knowledge of working with Actis on transactions in the Africa region".

ENDS

About Hogan Lovells

www.hoganlovells.com

Hogan Lovells combines the breadth of business-oriented legal advice and high-quality service that clients have come to expect through working with its two founding firms – Hogan & Hartson and Lovells.

Hogan Lovells (the "firm") refers to the international legal practice comprising Hogan Lovells International LLP, Hogan Lovells US LLP, Hogan Lovells Worldwide Group (a Swiss Verein), and their affiliated businesses, each of which is a separate legal entity. Hogan Lovells International LLP is a limited liability partnership registered in England and Wales with registered number OC323639. Registered office and principal place of business: Atlantic House, Holborn Viaduct, London EC1A 2FG. Hogan Lovells US LLP is a limited liability partnership registered in the District of Columbia.

The word "partner" is used to refer to a member of Hogan Lovells International LLP or a partner of Hogan Lovells US LLP, or an employee or consultant with equivalent standing and qualifications, and to a partner, member, employee or consultant in any of their affiliated businesses who has equivalent standing.  Rankings and quotes from legal directories and other sources may refer to the former firms of Hogan & Hartson LLP and Lovells LLP. Where case studies are included, results achieved do not guarantee similar outcomes for other clients.

Contacts
Rachael Droog
Press Office Advisor
+44 20 7296 2780
rachael.droog@hoganlovells.com
Karen Snell
Senior Public Relations Manager
+44 20 7296 2076
karen.snell@hoganlovells.com
Alan Greenough
Partner
+44 20 7296 2000
alan.greenough@hoganlovells.com