Simpson Thacher Aids KKR On Euro Luxury Clothing Co. Buy

Law360, New York (April 18, 2013, 1:21 PM EDT) -- Kolhberg Kravis Roberts & Co. LP has agreed to acquire European luxury apparel retailer SMCP Group from a consortium of private equity backers in tandem with SMCP's senior management, KKR said Thursday.

The U.S. private equity giant will snap up a 65 percent stake in SMCP from several European investment funds, including French PE firms Florac SAS and L Capital and U.K.-based financier Indigo Capital LLP, and the company's management will retain a 35 percent stake in SMCP under the terms of the deal, which is...
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