Equistone’s TriStyle bolts on Basler

With the fresh capital, TriStyle intends to strengthen Basler’s position in the German market. In a first step of the growth strategy, it plans to launch an autumn/winter 2018 outdoor fashion collection with Basler.

In June 105, Equistone wholly acquired TriStyle alongside its management in a deal believed to have been backed with €125m of debt. Equistone said at the time that it planned to acquire more companies as part of its growth strategy for Tristyle.

In August 2016, it bolted on Long Tall Sally from Amery Capital in a deal worth around £30m.

Previous funding
In June 2006, Triton Partners acquired Basler via a secondary buyout from Alpha Beteiligungsberatung.

In February 2013, Triton provided $13.5m to Basler in a restructuring deal. The deal was meant to allow the company to lower its debt after investors agreed to large write-offs.

In August 2013, Triton sold its stake in Basler after the company’s management bought back the shares, for an undisclosed sum.

Company
Founded in 1936 in Berlin, Basler specialises in women’s apparel. Its retail model is based around the production of classic styles. Headquartered in Goldbach, near Frankfurt, the company serves customers through 60 stores worldwide.

It employs a staff of 1,400 and posted a turnover of €510m in 2016.

People
Equistone – Michael H. Bork (partner).
TriStyle – Stefan Kober (CEO).

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• Topics
• Expansion
• DACH
• Consumer
• Germany
• Equistone Partners Europe
• Build-up