Blätt­chen & Part­ner advi­ses the manage­ment of Schus­ter­mann & Boren­stein on the sale to Perm­i­ra Funds

Munich, 27 Octo­ber 2016. Blätt­chen & Part­ner advi­sed the manage­ment of the pre­mi­um fashion retail­er Schus­ter­mann & Boren­stein (S&B) on the sale by the owners of pri­va­te equi­ty inves­tor Ardi­an to Perm­i­ra Funds. The finan­cial inves­tor Perm­i­ra thus acqui­res a majo­ri­ty sta­ke in Schus­ter­mann & Boren­stein. The foun­ding fami­lies Schus­ter­mann and Boren­stein remain inves­ted.

Schus­ter­mann & Boren­stein was foun­ded in Munich in 1924. The com­pa­ny sells more than 3,000 desi­gner brands through its web­site BestSecret.com as well as three stores in Munich and Vien­na. Schus­ter­mann & Boren­stein is thus the lea­ding e‑commerce plat­form for desi­gner fashion in the DACH regi­on; inter­na­tio­nal­ly, it has alre­a­dy expan­ded to the UK, Swe­den and France.

The tran­sac­tion is sub­ject to appr­oval by the rele­vant anti­trust aut­ho­ri­ties.

Blätt­chen & Part­ner advi­sed Schus­ter­mann & Boren­stein Manage­ment as part of the tran­sac­tion with Prof. Dr. Alex­an­der Götz.