LBO France acquisition of the IKKS Group from Roger Zannier

Overview:

• Private equity firm LBO France completed the acquisition of around 60% the IKKS Group, a ready to wear clothing brand, from Roger Zannier. 
• Roger Zannier retained a 30% stake in the company, and Silverfern also entered as a minority shareholder. 
• The IKKS Group has a portfolio of three complementary brands; IKKS, One Step and I.Code. 
• Sales in 2014 were more than €300 million, and EBIDTA was around €60 million. 
• The deal is thought to be in the region of €500-600 million. 
• Natixis, Société Générale CIB and Mediobanca acted as lenders. 

John Crabb - Journalist