G-III Apparel’s $210 Million Acquisition of Karl Lagerfeld Brand

Simpson Thacher and De Brauw represented G-III Apparel Group on the deal. Loyens & Loeff advised the shareholders in Karl Lagerfeld.

 G-III Apparel Group, Ltd. (Nasdaq: GIII) announced its agreement to acquire the remaining 81 percent interest in fashion brand Karl Lagerfeld for approximately US$210 million, subject to certain adjustments. G-III has agreed to purchase the additional stake in the brand from a group of private and public investors led by Amlon Capital. G-III currently owns approximately 19 percent of the brand and, through this transaction, will become the sole owner of the Karl Lagerfeld brand. The acquisition is subject to regulatory approval and the satisfaction of other customary closing conditions.

G-III designs, sources and markets apparel and accessories under owned, licensed and private label brands. G-III’s owned brands include DKNY, Donna Karan, Vilebrequin, G. H. Bass, Eliza J, Jessica Howard, Andrew Marc and Marc New York. G-III has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld Paris, Kenneth Cole, Cole Haan, Guess?, Vince Camuto, Levi’s and Dockers brands.

The Simpson Thacher team included Jakob Rendtorff (Picture), Alan Klein, Sung Jin and Sydney Mark (M&A); Lori Lesser, Alysha Sekhon and Rachelle Broida (Intellectual Property); Andrew Blau, Laura Gallo and Brian Chung (Executive Compensation and Employee Benefits); Sara Razi, Preston Miller and Lindsey Bohl (Antitrust); Brian Steinhardt (Banking and Credit); Richard Fenyes (Capital Markets); Timothy Mulvihill (Environmental); and Andrew Purcell and Shoshana Schorr (Tax).

The De Brauw team included Arjan Kleinhout, Barbara Kloppert, Henk van Ravenhorst, Klaas de Vries, Etiënne Dijkhorst, Heather Giannandrea, Anna Gorgun, Bas Boutellier, Charlot van Mil, Mirjam Kerkhof, Roos van der Poel, Sanne Veenstra, Elena Vilarin Seivane, Kirsten Lagerweij, Max Rebel, Roanne Groothengel.

The Loyens & Loeff team that consisted of Antoinette van der Hauw, Eline de Ruijter, Freek Hilberdink, Louis Lutz, Erwin Bosma and Sandrine Lekkerkerker worked on advising the selling shareholders in Karl Lagerfeld, with their sale of 81% of the shares to G-III Apparel Group.

Involved fees earner: Bas Boutellier – De Brauw Blackstone Westbroek; Klaas de Vries – De Brauw Blackstone Westbroek; Etiënne Dijkhorst – De Brauw Blackstone Westbroek; Heather Giannandrea – De Brauw Blackstone Westbroek; Anna Gorgun – De Brauw Blackstone Westbroek; Roanne Groothengel – De Brauw Blackstone Westbroek; Arjan Kleinhout – De Brauw Blackstone Westbroek; Barbara Kloppert-van Duren – De Brauw Blackstone Westbroek; Kirsten Lagerweij – De Brauw Blackstone Westbroek; Mirjam Kerkhof – De Brauw Blackstone Westbroek; Roos van der Poel – De Brauw Blackstone Westbroek; Charlot van Mil – De Brauw Blackstone Westbroek; Henk van Ravenhorst – De Brauw Blackstone Westbroek; Sanne Veenstra – De Brauw Blackstone Westbroek; Elena Vilarin – De Brauw Blackstone Westbroek; Erwin Bosma – Loyens & Loeff; Eline de Ruijter – Loyens & Loeff; Freek Hilberdink – Loyens & Loeff; Sandrine Lekkerkerker – Loyens & Loeff; Louis Lutz – Loyens & Loeff; Antoinette van der Hauw – Loyens & Loeff; Andrew Blau – Simpson Thacher & Bartlett; Lindsey Bohl – Simpson Thacher & Bartlett; Rachelle Broida – Simpson Thacher & Bartlett; Brian Chung – Simpson Thacher & Bartlett; Richard Fenyes – Simpson Thacher & Bartlett; Laura Gallo – Simpson Thacher & Bartlett; Jakob Rendtorff – Simpson Thacher & Bartlett; Sung Jin – Simpson Thacher & Bartlett; Alan Klein – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Sydney Mark – Simpson Thacher & Bartlett; Preston Miller – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Sara Razi – Simpson Thacher & Bartlett; Shoshana Schorr – Simpson Thacher & Bartlett; Alysha Sekhon – Simpson Thacher & Bartlett; Brian Steinhardt – Simpson Thacher & Bartlett;

Law Firms: De Brauw Blackstone Westbroek; Loyens & Loeff; Simpson Thacher & Bartlett;

Clients: G-III Apparel Group, Ltd. ; Karl Lagerfeld Group BV;

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Author: Youness Semri