Lion Capital acquires debt of portfolio company La Senza

Lion Capital now has the control of both the equity and the debt in the company.

The deal follows reports last month which suggested Lion was looking for funding to save the lingerie retailer.

In 2006, Lion Capital acquired La Senza's European operations in a deal of undisclosed value. The former controlling shareholder retained a minority stake in the business. GSO Capital provided both senior and mezzanine debt.

La Senza entered the European market in the mid-nineties as the European arm of a Canadian business and is the leading speciality retailer of women's lingerie and nightwear. It is understood that La Senza has had a successful Christmas period, with positive growth in like-for-like sales and margins compared to a year earlier.

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• Topics
• Investments
• Buyouts
• Consumer
• UK / Ireland
• Lion Capital