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New Deal


Announced

Completed

Neuberger Berman led a $125m Series C round in Savage X Fenty.

Financials

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Transaction Value£92m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Private Equity

Single Bidder

Venture Capital

Acquisition

Completed

Clothing and Accessories

lingerie brand

United States

Private

Friendly

Cross Border

Synopsis

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Neuberger Berman led a $125m Series C round in Savage X Fenty, with participation from L Catterton, Avenir, Sunley House Capital, Advent International, Marcy Venture Partners, LionTree, ACME Capital, Abu Dhabi Growth Fund and Multiply Group. The latest funding will support the fashion company’s foray into brick-and-mortar retail, plans to expand overseas and the launch of new product lines. The Series C announcement coincides with the highly anticipated opening of Savage X Fenty’s first boutique at the Fashion Show Mall on the Las Vegas Strip.

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