Peninsula backs Zadig & Voltaire

Zadig & Voltaire will remain majority-owned by its founder, Thierry Gillier, while US-based TA Associates, the current minority partner, will exit its investment. The transaction sees the new CEO, Remy Baume, also join as a shareholder.

This transaction marks the entry of London-based Peninsula in the French market. The long-term GP, founded in 2015, has backed 10 companies, including Italy-based Kiko. The firm provides equity tickets in the €50m-1bn range, targeting companies with an EV of more than €100m. 

Previous funding
TA Associates bought a 30% stake in French clothing and accessories retailer Zadig & Voltaire in 2012. During TA's ownership, the company doubled in size, entered the US market and professionalised the management team, according to a statement. The company generated a turnover of around €200m in 2011, Unquote previously reported.

Company
Founded in 1995, luxury brand Zadig & Voltaire operates approximately 400 boutiques and shop-in-shops in 30 markets globally, generating retail sales in excess of €350m. The business is based in Paris.

People
Zadig & Voltaire – Thierry Gillier (chairman).
Peninsula – Stefano Marsaglia (co-founder, managing partner).
TA Associates – Patrick Sader (managing director).

Advisers
Equity – Van Campen Liem (legal); Deloitte (corporate finance); Linklaters (legal); Van Campen Liem (legal).
Vendor – Rothschild & Co (corporate finance); Latham & Watkins (legal); BCG (commercial due diligence); PwC (ESG due diligence, tax).
Company – Letus Private Office (corporate finance); Jeausserand Audouard (legal); White & Case (legal).

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• Topics
• Expansion
• Exits
• France
• Consumer
• France
• TA Associates