Baring Asia acquires Cath Kidston from TA

Kenny Wastell
04 October 2016

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Baring Private Equity Asia has acquired the remainder of TA Associates' holdings in UK-based retailer Cath Kidston.

The development comes two years after the vendor sold part of its stake in Cath Kidston in to Baring Asia.

Following the partial divestment in 2014, TA and Baring Asia each held an equal shareholding in the company. The pair supported Cath Kidston's expansion into the Asian market during the ensuing two-year partnership.

Last year, Cath Kidston acquired a portfolio of around 30 Japanese stores from its franchise partner in the country, in addition to opening new sites in the Middle East.

Previous investment
TA acquired a majority stake in Cath Kidston in April 2010 in a deal that valued the company at around £100m.

Company
Established in 1993, London-headquartered Cath Kidston operates more than 200 stores throughout Europe, Asia and the Middle East. The business sells a range of womenswear, childrenswear and home furnishings.

People
Baring Private Equity Asia – Dar Chen (managing director).
TA Associates – Christopher Parkin (managing director).
Cath Kidston – Kenny Wilson (CEO).