L Capital Asia Advisors €720 million acquisition of Pepe Jeans

Overview:

• L Capital Asia—an Asian private equity fund of luxury brands group LVMH—and M1 Fashion—a subsidiary of Lebanese investment firm M1 Group—have acquired a majority stake in Pepe Jeans Group, a Spanish headquartered international group of companies operating in the fashion industry, from Torreal, Artá Capital and L Capital Europe for €720 million.
• The group includes Pepe Jeans London, which accounts for 70% of group sales and the Hackett brand, which accounts for the remaining 30% of group sales.
• The decision by Pepe Jeans Group’s management team to reinvest alongside M1 Fashion and L Capital Asia shows its aim to continue expanding the group’s international presence in the Middle East, Asia, USA and Latin America.

Adam Majeed - Regional editor