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AUSTRIA/FRANCE - 21 Centrale Partners and Quadriga inject capital into Palmers

  • Mareen Goebel
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21 Centrale Partners and Quadriga are backing Austrian women's underwear manufacturer Palmers Textil AG to acquire French company Lejaby SAS, for EUR 32.5m in cash, from US-based The Warnaco Group. A further interest-free note of EUR 12.5m is due by the end of 2013. 21 Centrale Partners is providing EUR 16.7m and the rest will be injected by Quadriga. The deal is still pending approval.

Lyon-based Lejaby SAS was founded in 1930, and has been owned by The Warnaco Group since 1996. The company employs 650 staff in France and reported a turnover of EUR 80m, mainly in western Europe.

Palmers Textil AG was founded in 1914, has 900 employees and reported a turnover of EUR 110m through 330 outlets in Austria, Germany, and Western and Central Europe.

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