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".
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