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Missoni family passes baton as FSI takes control of €130m fashion house
FSI has become the controlling shareholder of Missoni, increasing its stake in the Italian fashion group rather than pursuing a sale to international buyers, according to Italian daily Il Sole 24 Ore. The transaction preserves domestic ownership of the brand, which has been a symbol of Italian luxury since 1953. FSI will partner with the Fassin and Bachmueller…
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From ABBA to heritage forests: the unexpected marriage driving the next wave of alternatives
A growing number of LPs is looking for assets that sit outside public-market cycles, and yet that still carry a clear sense of purpose. They want predictable cash flows, but they also want investments tied to real cultural or environmental value. In most corners of private equity, “alternative investing” means infrastructure, credit, or secondaries. At…
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“Cash is king, and anything else is an opinion”: private equity’s return to fundamentals
After a decade of easy money and multiple expansion, European private equity is rediscovering what value creation really means. At the DACH Private Equity Insights Conference in Munich, senior executives from Deutsche Private Equity, Bridgepoint, Eevolve, and Apheon agreed that the model is far from broken. However, the era when buyout firms could rely on cheap leverage…
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L Catterton appoints former British Fashion Council chair Stephanie Phair as senior adviser
L Catterton, the LVMH-backed private equity firm, has appointed Stephanie Phair as senior adviser, expanding its global bench of consumer-focused expertise, WWD reports. Phair, who chaired the British Fashion Council between 2018 and 2022, will work with L Catterton’s portfolio companies worldwide, leveraging her experience across fashion, e-commerce, and consumer industries. She previously served as…
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Dexelance acquires 65% stake in Mohd as Made in Italy Fund exits in high-return deal
Dexelance has acquired a 65% stake in Mohd, a leading Italian high-end furniture e-commerce and retail business, from Made in Italy Fund and the Mollura family. The Mollura family will reinvest in the business and retain a significant minority stake. The transaction marks the second exit for Made in Italy Fund, the private equity vehicle…
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Ulta Beauty takes UK leap with Space NK acquisition from Manzanita Capital
Ulta Beauty has acquired British beauty retailer Space NK from private equity firm Manzanita Capital, in a strategic move to accelerate its international expansion efforts. Founded in 1993, Space NK currently operates 83 stores across the UK and Ireland. Following the acquisition, the company will continue to run as a standalone subsidiary under the leadership…
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Canada Goose’s future in flux as Bain weighs stake divestment
Bain Capital is reportedly weighing the sale of part or all of its controlling stake in luxury outerwear brand Canada Goose Holdings Inc., according to sources cited by Bloomberg. The private equity firm is said to be working with advisers and sounding out interest from potential buyers, including other private equity groups. Bain first acquired…
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Windsong gives JVN Hair new life with nationwide Ulta Beauty debut
Windsong Global’s portfolio company JVN Hair is set to launch across 700 Ulta Beauty stores and online on 20 July, marking a major milestone for the brand just 19 months after its acquisition, according to a report by Glossy. Originally founded by “Queer Eye” star Jonathan Van Ness and incubated by biotech group Amyris, JVN Hair…
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K-beauty prize in play: Anchor Equity and Taekwang advance in $441m Aekyung pursuit
Anchor Equity Partners and Taekwang Industrial have emerged as leading contenders in the race to acquire a controlling 63% stake in South Korea’s Aekyung Industrial. The deal is expected to be valued at approximately ₩600bn ($441.4m), according to sources cited by KED Global. The stake is currently held by AK Holdings and Aekyung Asset Management.…
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Blackstone sharpens its focus on beauty with $590m Juno Hair deal
Blackstone is in advanced discussions to acquire Juno Hair, South Korea’s largest premium salon group, in a transaction valued at $590m. According to sources cited by KED Global, the deal would mark one of the largest buyouts in Korea’s fragmented beauty services sector. The proposed acquisition would see Blackstone purchase the full stake currently held…