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Announced

Completed

G-III Apparel Group completed the acquisition of the remaining 81% stake in Karl Lagerfeld Brand from Apax for $210m.

Financials

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Transaction Value£166m
Consideration TypeCash
Capital Owned19%
Capital Bid For81%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Clothing and Accessories

accesories

apparel

United States

Single Bidder

Majority

Acquisition

Domestic

Private

Friendly

Completed

Private Equity

Synopsis

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G-III Apparel Group, a global fashion provider with expertise in design, sourcing, and manufacturing, completed the acquisition of the remaining 81% stake in Karl Lagerfeld Brand, a fashion brand, from Apax for $210m. “This transaction marks yet another significant milestone for G-III. Since acquiring a stake in the brand in 2015, G-III has built Karl Lagerfeld into an important and rapidly growing part of our North American business. Fully owning this visionary brand is a continuation of our successful partnership with the Karl Lagerfeld management team. Importantly, the addition of this iconic fashion brand to the G-III portfolio advances several of our key priorities, namely an increase in the direct ownership of brands and their licensing opportunities and further diversification of our global presence,” Morris Goldfarb, G-III’s Chairman and CEO.

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