Equistone-backed TriStyle bolts on Long Tall Sally

Following the deal, Long Tall Sally will continue to operate under its existing branding, though it will be grouped alongside TriStyle's existing companies Peter Hahn and Madeleine.

The transaction marks the first bolt-on investment by the company since Equistone acquired a 90% stake in the business in July 2015.

Company
Founded in 1976, London-headquartered Long Tall Sally is a fashion retailer providing tailored clothes for tall women. It was acquired by retail investment firm Amery in 2005. Under its previous owners, the business increased its revenues from £10m to £50m, of which 70% are generated online.

Besides this online presence, from which it distributes to 100 countries, Long Tall Sally operates bricks-and-mortar stores in the UK, Germany and North America.

People
Equistone Partners Europe – Michael Bork (partner); Katja Mühlhäuser (investment manager).
Amery Capital – Maurice Helfgott (chairperson).
Long Tall Sally – Andrew Shapin (CEO).

Advisers
Equity – Shearman & Sterling (legal); Latham & Watkins (legal); CMS (legal); KPMG (financial due diligence, tax); PwC (commercial due diligence).
Vendor – BDO (corporate finance); Blick Rothenberg (tax); Berwin Leighton Paisner (legal); Financo (corporate finance); KPMG (tax); Javelin (commercial due diligence); Livingstone Partners, Simon Cope-Thompson, Jamie Hutton (M&A).

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• Topics
• Portfolio management
• UK / Ireland
• DACH
• Consumer
• Build-up
• Germany
• United Kingdom
• Equistone Partners Europe