© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Fashion Takeover
Posted 30th July 2015

Fashion Takeover

Reed Smith advises BlueBay and Lloyds on Silverfleet’s acquisition of Masai Clothing.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Fashion Takeover
Image

Reed Smith advises BlueBay and Lloyds on Silverfleet’s acquisition of Masai Clothing.

Global law firm Reed Smith has advised BlueBay Asset Management LLP (BlueBay) and its second direct lending fund on a unitranche facility provided to European private equity firm Silverfleet Capital (Silverfleet) in connection with the acquisition by Silverfleet of Danish womenswear clothing brand Masai Clothing Company ApS (Masai).

Working capital facilities are being provided to Masai by Lloyds Bank plc (Lloyds), which was advised as super senior lender by a separate Reed Smith team.

The acquisition will be Silverfleet’s first investment from its new €850 million fund, Silverfleet Capital II, which closed last month. It is also one of the first investments that BlueBay has made from its second direct lending fund. The transaction is subject to obtaining competition clearances and is anticipated to close shortly.

Masai is headquartered in Copenhagen and wholesales and retails its own-designed clothing in over 25 countries around the world. Its core markets are the Nordic region (where it has 18 retail outlets in Denmark, Sweden and Norway), UK and Germany. In total, Masai clothing can be purchased at 1,340 points of sale as far afield as Australia, USA and Canada.

Ben Davis, Reed Smith leveraged finance partner, commented:

“This is one of the first unitranche financings in Denmark and it shows the continued expansion of the product across Europe and into new geographies. We are delighted to have supported BlueBay and Lloyds on this transaction and to continue to develop our relationships with them. This is the fourth completed transaction where we have supported BlueBay in the past 15 months and the second completed transaction where we have supported the Lloyds acquisition finance team this calendar year.”

Categories: Finance, Leadership, M&A


You Might Also Like
Read Full PostRead - Eye Icon
Global Mobility: The Key to Success in a Globalised World
Innovation
13/10/2015Global Mobility: The Key to Success in a Globalised World

As the business world becomes increasingly interconnected, we look at some of the key players that help firms and individuals come closer together.

Read Full PostRead - Eye Icon
M&A Activity up as UK Weathers the Storm
M&A
11/04/2018M&A Activity up as UK Weathers the Storm

M&A activity accelerated in the second half of 2017, driven by strong activity in the US and, particularly, the UK, according to analysis by M&A and debt advisory specialists Livingstone.

Read Full PostRead - Eye Icon
Large Sum Buys and Payments Abroad: How to Reduce Associated Fees
Finance
25/04/2022Large Sum Buys and Payments Abroad: How to Reduce Associated Fees

Buying an expensive item abroad may not sound like a logical go-to in the wake – or the midst, depending on your position – of a global pandemic. Supply chains have been chewed up, with worker and truck driver shortages, along with a microprocessor

Read Full PostRead - Eye Icon
African Business Awards 2016
Legal
01/07/2016African Business Awards 2016

Kanokanga & Partners, established in 1991, has a reputation for offering high quality legal service. For the firm, clients come first. The firm looks after its clients’ interests as if they were its own. Furthermore, the firm is open, honest and straightforw

Read Full PostRead - Eye Icon
Gold as an Investment Option in Today’s World
Finance
01/06/2023Gold as an Investment Option in Today’s World

Are you searching for the best investment option in today's world? It's none other than gold! It's a natural and sensible investment option for an investor as this is an inert metal, and doesn't levy any interest on you.

Read Full PostRead - Eye Icon
The Economic Benefits Of Investing In Portable Office Solutions
Innovation
23/04/2024The Economic Benefits Of Investing In Portable Office Solutions

Being able to work anywhere is an arrangement that many organizations have been incorporating in their operations in the past few years.

Read Full PostRead - Eye Icon
How to Spot A Phone Scam: Protecting Yourself in the Digital Age
News
20/07/2023How to Spot A Phone Scam: Protecting Yourself in the Digital Age

When your phone starts ringing with an unknown number flashing on the screen, it's tempting to answer, especially if you're expecting an important call. But did you know that answering such calls can sometimes be dangerous

Read Full PostRead - Eye Icon
State-Of-The-Science Environmental IT Solutions
Innovation
16/10/2019State-Of-The-Science Environmental IT Solutions

Having recently been recognized by AI as the Best Specialist Environmental Software Solutions Firm 2019 – Ontario, we profiled Lakes Software and caught up with the firm’s Bryan Matthews (US Operations Manager) who provided us with a glimpse into the inner

Read Full PostRead - Eye Icon
5 Types of Offices Ideal for a Start up Business
News
23/10/20235 Types of Offices Ideal for a Start up Business

Running a successful business entails a lot of responsibilities. They range from formulating a winning business model and identifying your target market audience to overseeing day-to-day business activities.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow