Olswang advises Alpha Private Equity Fund 6 on €119m acquisition

05 Apr, 2013

Olswang has acted for client Alpha Private Equity Fund 6 (APEF 6) on the acquisition of Redcats’ children and family division from world leader in apparel and accessories Kering / PPR for €119m. Redcats’ children and family division consists, amongst others, of the Vertbaudet and Cyrillus brands.


In Germany the transaction included the indirect acquisition of the entire interest in Vertbaudet GmbH & Co. KG, which was a joint venture between Cyrillus and Puccini (part of the Carlyle group) prior to the transaction.


APEF 6 specialises in leveraged buy-out and capital development, targeting medium-sized companies (enterprise value between €50–500m) in France, Italy, Benelux and Switzerland. APEF 6 backs managers of growing companies that enjoy a strong and strategic position in their markets.


Corporate Partner Guillaume Kessler (pictured)commented: This was a challenging and fascinating cross-border deal for Olswang and I am extremely pleased that we managed to successfully coordinate such a large team of lawyers across four of our offices. We were delighted to support our client APEF 6 in this high-profile acquisition.


The Olswang team was led by Paris-based Partner Guillaume Kessler, together with a team including Partner Vanina Paolaggi and Senior Associates Jessica Schinkel, Malak Tazi, Lucilia Grilo and Julie Tchaglass (Corporate), Clara Steinitz and Alexandra Crance (IP). The German team was led by Partner Georg von Wallis (Tax/Corporate) and Senior Associates Michael Samp and Henrik Armah (both Corporate). The London team was led by Partners Mark Bertram and Brian McDonnell together with Associates Abigail Wahnon and Oliver Ellington. The Madrid team comprised of Partner Javier Vasserot, Senior Associate Francisco Vazquez Oteo and Associate Eduardo Vazquez de Prada (Corporate), Legal Director Alvaro de la Via (Tax) and Associate Maria Eugenia de la Cera (Employment).


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