Latest CBR Group News
Jun 26, 2013
European Commission clears acquisition of CBR by funds managed by EQT 24 April 2007 Frankfurt/Munich, 24 April 2007 The EuropeanCommission has cleared EQT V Fund's proposed acquisition of women'sclothing designer CBR Group from funds managed by Apax Partners("Apax") and Cinven Limited ("Cinven"). The transaction was examined under the EU's 'simplified' mergerreview procedure for cases which the Commission believes do notpose competition concerns. Apax and Cinven signed an agreement to sell CBR in February2007, having initially acquired it from its original owners at theend of 2004. Since the acquisition both firms have activelysupported CBR's management team in the continuation of its rapidexpansion strategy. Under their ownership, the number of partner stores wasincreased to 850 in CBR's core markets, the number of in-storeshops to over 1,500 and the number of multi-label stores to over5,600. Turnover grew continuously at double digit rates to atotal of more than €600 million in 2006. The investment fundsview this as another example of their constructive and successfulcollaboration. About Apax Partners Apax Partners is one of the world's leading private equityinvestment groups. It operates across the United States,Europe, and Asia and has more than 30 years of investingexperience. Funds under the advice of Apax Partners total inexcess of €15 billion around the world. These Funds providelong-term equity financing to build and strengthen world-classcompanies. Apax Partners Funds invest in companies across itsglobal sectors of Tech & Telecom, Retail & Consumer, Media,Healthcare and Financial & Business Services. Recent ApaxPartners' Funds investments include Tommy Hilfiger, CentralEuropean Media Enterprises, PVH/Calvin Klein, TIM HELLAS, Inmarsat,Mölnlycke Healthcare, Kabel Deutschland, Intelsat, New Look andWorld Directories.