
15% of Emeram’s Bench sold to new CEO
Emeram Capital Partners has sold a 15% stake in fashion brand Bench to the company's future CEO and chairman Bruno Sälzer.
Sälzer has acquired the stake in Emeram Urbanics Holding, the company that owns Americana International – the Bench parent company. He will become CEO of Bench on 1 December when his contract as CEO of Escada comes to an end.
Previously, Emeram and the management team owned 100% of the company.
Previous funding
Emeram acquired Americana International, the owner of fashion brand Bench, from HgCapital in February 2014 using capital from its first fund. HgCapital acquired Americana in 2007 for £190m from Isis Equity Partners.
Company
Founded in the UK in 1987, the Bench brand retails in 26 countries in Europe and North America. It produces fashion apparel for men and women in the 20-30-year-old age group. It has approximately 400 employees and achieved annual turnover of more than €100m in 2013. Additionally, its turnover from licenced partners totalled approximately €50m.
People
Bruno Sälzer will become the new CEO and chairman of Bench from 1 December. Kai Obring is a partner at Emeram.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater