Secondary buy-out of Cath Kidston

Steve Bartlett of Transcend Corporate advised the management team of Cath Kidston in a £106m secondary buy-out.  Cath Kidston originally created her eponymous business with the support and backing of a long list of private shareholders.  A hugely successful business, Cath Kidston grew to the point where the shareholder base was no longer appropriate for the company’s size or growth ambitions.  This deal allowed these shareholders to exit and new backer TA Associates to come on board.

This was a very competitive process with a number of parties keen to invest in the business.  Steve advised the management team throughout the process, helping them to understand and compare the different offers

“Steve’s advice to the management team was invaluable, steering us through the complexities of the process and helping to optimise the team’s position in the deal. We are all delighted about the deal and excited about the opportunity as we embark on the next stage of growth for the company.”   Peter Higgins, Chairman, Cath Kidston