Warburg in £230m Reiss deal

Following the deal, Warburg will support Reiss's expansion in the UK and internationally, with a particular focus on the US, Asia and Australia.

As part of the deal, Reiss founder David Reiss has retained a significant stake in the business and will continue as chair and CEO.

Company
Founded in 1971 by David Reiss, the company is now an international fashion brand, offering clothing and accessories for both men and women.

Reiss operates from 160 locations in 15 countries and also operates online. It generated sales of £146m in 2015 and EBITDA of £24.4m.

People
Warburg Pincus – Paul Best (managing director).
Reiss – David Reiss (founder, chair).

Advisers
Company – Morgan Stanley (M&A); Squire Patton Boggs (legal).
Equity – Financo (financial due diligence); Freshfields Bruckhaus Deringer (legal).

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• Topics
• Buyouts
• UK / Ireland
• Consumer
• Warburg Pincus