EQT Acquires German Fashion Group CBR.STOCKHOLM, Sweden -- EQT EQT Environmental Qualification Test EQT Engine Qualification Test EQT Engineering Qualification Testing EQT Equatorial Crossing Time EQT Emotional Quotient Theory EQT Engineer Qualification Tables V has signed an agreement with funds advised by Apax and Cinven to acquire 100% of the German fashion group CBR (1) (Computer-Based Reference) Reference materials accessible by computer in order to help people do their jobs quicker. For example, this database on disk! (2) (Constant Bit Rate) A uniform transmission rate. Holding GmbH (CBR). CBR is one of the fastest growing women's clothing companies in Europe with a network of 850 store partners, which operate free standing stores, more than 1,500 shops-in-shops (for example in large department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. ), and 5,600 multi label partners, which sell CBR products together with other brands. CBR's three brands, Street One, Cecil and One Touch, generated sales of over [euro] 600 million in 2006 (+9.5% compared to 2005) and the company has more than 500 employees. CBR services its customers with 12 collections per year and delivers superior speed from product design to points of sale, giving a high level of design security. Sumeet Gulati, Partner at EQT Partners
EQT Partners , comments: "CBR fits in well with EQT V's strategy to invest in companies of high quality and with substantial growth and development potential. CBR is a market leader and we will assist the company to further develop its position in the future. We are committed to supporting CBR's strategy, investing in growth, new products, geographical expansion and a strengthened market leadership to realize CBR's full potential." The EQT equity funds have a strong track record of fostering growth and value creation in the companies they own. Over the past 12 years the funds have invested in 43 companies in Europe, resulting in an annual average increase in sales and number of employees of 11% during the EQT funds' ownership period. Hugo Reissner, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Street One comments: "The management is very satisfied that EQT, with its industrial approach, has chosen to acquire CBR and is planning to support the growth of the company further. The high willingness of EQT to invest will enable us to extend our leadership and to further develop the current strategy for growth. By having clear governance Governance makes decisions that define expectations, grant power, or verify performance. It consists either of a separate process or of a specific part of management or leadership processes. Sometimes people set up a government to administer these processes and systems. and support from one owner we will be able to expand our successful business model going forward." The acquisition is subject to approval from relevant competition authorities. EQT is a group of private equity funds that manages approximately [euro]10.5 billion in equity in 10 funds. EQT Partners, acting as investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to all EQT funds, has offices in Stockholm, Copenhagen, Helsinki, Frankfurt, Munich and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . EQT realises its business concept by acquiring, financing and developing high-quality medium sized companies in Northern Europe and Greater China. EQT serves as an active owner and works in close co-operation with the management of the companies it acquires, to develop and implement value-enhancing strategies. In total EQT has invested in about 50 companies. This information was brought to you by Waymaker http://www.waymaker.net |
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