London, 13 April 2010 Quayle Munro Limited is pleased to announce that it has advised the shareholders of Cath Kidston on the sale of a majority stake in the business to global private equity firm, TA Associates. Quayle Munro managed all aspects of the sale process. Founded in 1993, Cath Kidston is a distinctive British lifestyle brand best known for its witty vintage inspired prints and wide array of household and fashion products. One of the most influential and original design companies to emerge from the UK in recent years, Cath Kidston is an established multi-channel retailer with sales originating from retail, mail order/online and wholesale. Its partnering with TA Associates will assist the Company to further develop the business, continuing with its expansion of the brand internationally in Asia and other markets whilst enhancing its core offer in the UK. Under the terms of the acquisition, Founder and Creative Director, Cath Kidston will retain a substantial stake in the business and will continue to be fully involved in her current role. Cath Kidston’s senior management will also continue to hold a significant stake. Chris Parkin, a Principal of TA Associates and Jeffrey Barber, a Managing Director of TA Associates will join the Company’s Board of Directors. Financial details of the investment were not disclosed. For further information: John Craven/Rashmi Sinha, Quayle Munro Limited: +44 20 7907 4200 John Kiely/Gemma Froggatt, Smithfield PR:+44 20 7360 4900 Notes to Editors: Quayle Munro (www.quaylemunro.com) is an independent corporate finance adviser which was established in 1983. With 30 professionals in London and Edinburgh, Quayle Munro has advised on over 90 corporate finance transactions in the past five years with a total value in excess of £4 billion. The Quayle Munro retail sector team has broad experience in advising both quoted and unquoted retailers on a wide range of strategic transactions and financings. Cath Kidston (www.cathkidston.com) is a distinctive British lifestyle brand best known for its witty vintage inspired prints and wide array of household and fashion products - from floral china to polka dot bags. Founded by its namesake in 1993, Cath Kidston is one of the most influential and original design companies to emerge from the UK in recent years. Currently, there are 28 shops and concessions in the UK, two shops in the Republic of Ireland, seven in Japan and one in Kuwait. TA Associates (www.ta.com) is one of the largest and most experienced middle market private equity firms. Founded in 1968, the firm has invested in nearly 400 companies and manages more than $16 billion in capital. With offices in Boston, London, Menlo Park and Mumbai, TA Associates leads buyouts and minority investments in profitable growth companies in the consumer, business services, financial services, healthcare and technology industries.
London, 13 April 2010 Quayle Munro Limited is pleased to announce that it has advised the shareholders of Cath Kidston on the sale of a majority stake in the business to global private equity firm, TA Associates. Quayle Munro managed all aspects of the sale process.
Founded in 1993, Cath Kidston is a distinctive British lifestyle brand best known for its witty vintage inspired prints and wide array of household and fashion products.
One of the most influential and original design companies to emerge from the UK in recent years, Cath Kidston is an established multi-channel retailer with sales originating from retail, mail order/online and wholesale.
Its partnering with TA Associates will assist the Company to further develop the business, continuing with its expansion of the brand internationally in Asia and other markets whilst enhancing its core offer in the UK.
Under the terms of the acquisition, Founder and Creative Director, Cath Kidston will retain a substantial stake in the business and will continue to be fully involved in her current role. Cath Kidston’s senior management will also continue to hold a significant stake.
Chris Parkin, a Principal of TA Associates and Jeffrey Barber, a Managing Director of TA Associates will join the Company’s Board of Directors. Financial details of the investment were not disclosed.
For further information:
John Craven/Rashmi Sinha, Quayle Munro Limited: +44 20 7907 4200
John Kiely/Gemma Froggatt, Smithfield PR:+44 20 7360 4900
Notes to Editors:
Quayle Munro (www.quaylemunro.com) is an independent corporate finance adviser which was established in 1983. With 30 professionals in London and Edinburgh, Quayle Munro has advised on over 90 corporate finance transactions in the past five years with a total value in excess of £4 billion. The Quayle Munro retail sector team has broad experience in advising both quoted and unquoted retailers on a wide range of strategic transactions and financings.
Cath Kidston (www.cathkidston.com) is a distinctive British lifestyle brand best known for its witty vintage inspired prints and wide array of household and fashion products - from floral china to polka dot bags. Founded by its namesake in 1993, Cath Kidston is one of the most influential and original design companies to emerge from the UK in recent years. Currently, there are 28 shops and concessions in the UK, two shops in the Republic of Ireland, seven in Japan and one in Kuwait.
TA Associates (www.ta.com) is one of the largest and most experienced middle market private equity firms. Founded in 1968, the firm has invested in nearly 400 companies and manages more than $16 billion in capital. With offices in Boston, London, Menlo Park and Mumbai, TA Associates leads buyouts and minority investments in profitable growth companies in the consumer, business services, financial services, healthcare and technology industries.
Quayle Munro Limited is authorised and regulated by the Financial Services Authority Quayle Munro, Inc. is a member of FINRA/SIPC