SWEDEN - 3i and L Capital-backed Gant in EUR 241m IPO

The two groups led the EUR 105m buyout of Gant in July 2003. 3i invested EUR 13m for a 20.6 % stake while L Capital, which was already an investor, increased its stake to 35.4 % at the time of the buyout.

The Gant brand was founded in the US in 1949, while the present operation was founded in 1980 by three Swedish entrepreneurs, when they obtained the rights to design and sell Gant clothing in Sweden. In early 1999, the company acquired the global rights to the Gant trademark, securing control over Gant's global product range.

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