Naxicap invests in Eleven Paris

Ellie Pullen
17 October 2014

Tweet
Facebook
LinkedIn
Google plus
Send to

Naxicap Partners has invested in Eleven Paris, a French fashion designer and retailer.

The firm has bought its stake from founders Dan Cohen and Oriel Bensimhon, allowing the two founders to partly cash out of the business.

According to French publication Capital Finance, Naxicap invested around €20m in exchange for a significant minority stake, which valued the company at €80m.

Eleven Paris will use the fresh funding to expand both in France and international markets. The company will also further develop its various distribution channels.

Company
Founded in 2003 and headquartered in Paris, Eleven Paris is a designer and retailer of ready-to-wear fashion aimed at a young clientele.

It operates 20 stores in France, as well as one in Brussels and one in London. There is also a "Little Eleven Paris" store, which opened in September 2012.

Eleven Paris's collection is also available in 650 stores across France and in 800 stores across 25 countries in total. Its online store was launched in 2007. The company claims to sell 2 million items of clothing per year.

People
Eleven Paris was founded by Dan Cohen and Oriel Bensimhon. Naxicap investment manager Magali Regnier, analyst Aurélien Dorkel and management board member Paul Moutinho worked on the deal.

Advisers
Equity – Leonardo & Co, Laurence Danon, Jean-Baptiste Marchand, Benjamin Osdoit, Paul-Henri Morand (M&A); Marvell Avocats, Jean-Louis Lasseri, Fabrice Bouquier, Marta De Franciscis (Legal); FS Conseil, Fabien Sultan (Legal); PwC, Alexandra Bois, Stéphane Salustro, Sophie Gerbaud, Frédéric Chatillon, Pascal Ansart, Anne-Lise Glauser, Agathe Dubuis (Corporate finance, strategic due diligence); Wingate, Stéphane Cohen (Corporate finance).
Vendors – Weil Gotshal & Manges, David Aknin, Gautier Elies, Mathilde Descotes (Legal); Stehlin & Associés, Corinne Dadi, Cyrille Boillot, Frédéric Lecompte, Elise Weisselberg, Anna-Christina Chaves (Legal, tax); KPMG, Axel Rebaudières, Jack Rupchandani (Corporate finance).