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Permira to Acquire German Fashion Retailer Schustermann & Borenstein from Ardian

Permira to Acquire German Fashion Retailer Schustermann & Borenstein from Ardian

Permira, together with Cinven and Mid Europa, recently acquired Poland-based Allegro Group from Naspers Ltd (JSE: NPN.SJ) (LSE: NPSN) for $3.25 billion, as previously reported by ExitHub. The consumer technology industry is a key area of focus for Permira which has significant experience in backing global brands, such as Hugo Boss, Valentino and Dr. Martens, and supporting the expansion of leading global technology companies like Informatica, TeamViewer, P&I and Magento. Wolfgang Pietzsch, Managing Director Mid Cap Buyout at Ardian, added, “We are very happy to have supported Schustermann & Borenstein and its founding families for more than four years. Significant growth has been achieved through a multitude of avenues in the company’s stationary and online business both organically, such as a new store opening in Vienna and the internationalization of the online business, as well as through an acquisition in Switzerland.” The deal, which is subject to regulatory approvals, is expected to close in the fourth quarter of 2016. In the past 30 years, the Permira funds have made over 200 private equity investments in five key sectors: Consumer, Financial Services, Healthcare, Industrials and Technology. Permira employs over 200 people including 130 investment professionals in 14 offices across North America, Europe and Asia. Founded in 1985, and operated under the Schroder Ventures brand until 1997, Permira advises funds with a total committed capital of €31 billion. Ardian, founded in 1996 and led by Dominique Senequier, is an independent private investment company with $60 billion in assets managed or advised in Europe, North America and Asia.]]>