Hogan Lovells Advises Kelso Place on Nicole Farhi Acquisition

LONDON, 20 January 2012 - Hogan Lovells has advised long-standing client Kelso Place Asset Management LLP (Kelso Place) on its acquisition of the iconic global fashion brand Nicole Farhi alongside current owner, private equity firm, OpenGate Capital, for an undisclosed sum. The transaction announced on Wednesday 11 January.

Nicole Farhi is a British fashion lifestyle brand launched in 1982, headquartered in London, with four owned stores in London, New York, Paris and Milan; and collections available in department stores and boutiques worldwide.

Kelso Place has a strong track record in working with luxury fashion brands and will provide financial, strategic and hands-on, operational support to the management team in order to ensure the future growth of the business. Nicole Farhi is continuing in her role as Creative Director and Niki Scordi will continue as CEO.

Hogan Lovells has previously advised Kelso Place on the acquisition of the business and assets of LVG Limited, including the RED Driving School and RED Instructor Training businesses in 2010; and on its merger with 8e6 Corp, a US-based leader in Web filtering appliances and technology, in 2008.

Hogan Lovells has also advised on several luxury brand transactions including Kelso Place on the disposal of Smythson in 2009; and the high profile acquisition by Labelux of Jimmy Choo in May 2011.

The Hogan Lovells team advising Kelso Place was led by London private equity partner Amit Nayyar, assisted by corporate associate Monika Przygoda and trainee Ben Coleman, with support from banking associates Liz Fuller and Louise Coffey; intellectual property partner Sahira Khwaja and associates Danielle Amor and Daniel Smith; real estate senior associates Jamie Hyams and Richard Webber, employment senior associate Anna Jeevanjee; and tax associate Amal Bhaimia.

Commenting on the transaction, Amit said:

"We are pleased to have advised long-standing client Kelso Place on this important investment which, with their experience in the luxury fashions brands sector, should be a very successful collaboration."

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