Luxembourg: Deal Review October 2016 - VANDENBULKE advises SMCP in the transaction SMCP/ Shandong Ruyi
VANDENBULKE advised French fashion group SMCP (labels “Maje” and “Sandro” and their founders Evelyne Chetrite and Judith Milgrom), in the sale to China’s textile manufacturer Shandong Ruyi Technology Group of a controlling stake in SMCP from World leading private equity firm KKR & Co. L.P. (NYSE: KKR). The deal reportedly valued at 1.3 bln Euros including debt. SMCP’s founders and management are reinvesting alongside Shandong Ruyi Technology Group as minority shareholders, while KKR will retain a minority interest in the group. Press release.
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