Arcmont Asset Management acquires Masai from Silverfleet – report

Silverfleet exits the fashion business five years after acquiring a majority stake in it via its €850m Silverfleet Capital II. Local media reports at that time put the company's enterprise value in the DKK 500m-1bn bracket.

Masai's chairman, Margaret McDonald, told Danish business daily Borsen that Arcmont was a creditor when Silverfleet took over Masai from its founders in 2015, and that it knew Masai well and will inject the clothing company with capital.

Previous funding
In 2015, Silverfleet acquired a majority stake in Masai, investing alongside the management while founding siblings Hans and Nina Rye fully exited the company. A debt package was provided by BlueBay and Lloyds Bank for the deal.

Company
Founded by siblings Hans and Nina Rye in 1992, Masai is a women's clothing company headquartered in Copenhagen.

The company distributes its products via 1,300 independent retailers and department stores in 25 countries, and in more than 35 own-concept stores; with 14 in Denmark, 14 in Sweden and nine in Norway. According to Zoominfo, the company employs 89 staff and has generated revenues of $17m in 2020.

People
Masai – Margaret McDonald (chairman).

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• Topics
• Exits
• Nordics
• Consumer
• Denmark
• Retail & consumer
• Silverfleet Capital