MBO of Faith Group LimitedFriday, 14 December 2018
Tuesday, 14 December 2004
Travers Smith advised European private equity house, Bridgepoint Capital Limited, on the £64m management buy-out of Faith Group Limited ("Faith"), one of the UK's largest retailers of high fashion, mid-priced women's shoes. Debt was provided by Barclays Bank PLC, advised by DLA. The acquisition is subject to Irish competition clearance.
"We were very pleased to be asked to act by regular client, Bridgepoint, on this transaction which, coming on the back of our advising Bridgepoint on the buy-out of Pets at Home Group, 3i on the acquisition of Hobbs and Phoenix Private Equity Partners on the disposal of Jimmy Choo reinforces our leading position on advising private equity houses on deals in the retail sector."