
Ixo Private Equity et al. buy OIly Gan from Syntegra
Ixo Private Equity, SG Capital and CIC Credit Mutuel have backed the management buy-back of French clothing business Olly Gan from Syntegra Capital.
Syntegra led the secondary buyout of Olly Gan from LBO France in April 2011, investing via its SC Fund III vehicle alongside CEO Claude Gigou, the management team and Societe Generale Capital Partenaires. Crédit Agricole Private Equity provided a mezzanine package to support the transaction. LBO France had acquired the business in 2007.
Company
Founded in 2004, Olly Gan is a menswear business that designs and distributes clothing for men aged 35-55 in France, selling both "casual" and "city" lines of items. The company generates a turnover in excess of €50m and is based in Aix-en-Provence.
Advisers
Vendors – Edmond de Rothschild Corporate Finance, Christophe Marchand, Vincent de Saint-Sernin (M&A).
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