Alteri Investors’ Acquisition of CBR Fashion Group


Kirkland & Ellis advises Alteri Investors on the acquisition of CBR Fashion Group from Swedish financial investor EQT.

The purchase agreement has been signed subject to customary closing conditions. The parties have agreed not to disclose the purchase price.

Alteri Investors is a specialist investor in the European retail sector. It was launched in November 2014, with investments from funds managed by affiliates of the leading alternative investment manager Apollo Global Management, LLC.

Founded in 1980, CBR Fashion Group is with its two established brands, Street One and CECIL, one of the top five women’s fashion manufacturers in Germany. The CBR Fashion Group employs over 1,200 people and supplies more than 8,300 sales outlets in 19 European countries. In November 2017, the CBR Group Fashion successfully issued a bond in the amount of € 450 million.

Kirkland & Ellis advised Alteri Investors with Benjamin Leyendecker (Picture – private equity/corporate, Munich), Neel Sachdev, William Burke (both finance, London), Oded Schein (tax, Munich); Kim Nemirow, Nick Niles (both compliance, Chicago); Associates: Thomas Krawitz, Greta-Josefin Harnisch, Mark Aschenbrenner, Christoph Jerger (all private equity/corporate, Munich), Daniel Hiemer (tax, Munich), Lloyd Jones (finance, London)

Involved fees earner: Benjamin Leyendecker – Kirkland & Ellis; Thomas Krawitz – Kirkland & Ellis; Greta-Josefin Harnisch – Kirkland & Ellis; Mark Aschenbrenner – Kirkland & Ellis; Christoph Jerger – Kirkland & Ellis; Neel Sachdev – Kirkland & Ellis; William Burke – Kirkland & Ellis; Lloyd Jones – Kirkland & Ellis; Oded Schein – Kirkland & Ellis; Daniel Hiemer – Kirkland & Ellis; Kim Nemirow – Kirkland & Ellis; Nick Niles – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Alteri Investors;