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.