Project: Sale of a majority stake to TA Associates
Role: Advised the shareholders of Cath Kidston
2010Sale of Majority Stake in Cath Kidston
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.
