Azulis et al. back Father & Sons MBO
Azulis Capital, BPI France, Galia Gestion and Euro Capital have backed the leveraged management buyout of French menswear company Father & Sons.
The consortium of investors bought the business from the founding shareholders. Founder Alain Mliczak, who also heads up the company, reinvested in the transaction.
Following the MBO, Father & Sons plans to open new stores and accelerate its online development.
The transaction was intermediated by Edmond de Rothschild Corporate Finance.
Azulis is currently on the road to raise its fifth vehicle, with a target of €250m. The GP had raised €225m for its previous fund, Middle Market Fund IV, in 2011.
Company
Founded in 1995, Father & Sons offers a range of casual and smart menswear. The company operates 30 stores and also sells online via its own website.
Based in Bagneux, the business generated a €30m turnover in 2013 and employs 125 people.
People
Alain Mliczak is the co-founder and CEO of Father & Sons.
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