Business Acquisitions Recent Deals
Well known lingerie and swimwear brand
Gannons’ Helen Curtis and Arran Brooker have provided support to one of Gannons’ longstanding clients, Pour Moi Limited, a lingerie, swimwear and nightwear designer and retailer, on its recent acquisition. This was the purchase for an undisclosed sum of LFI Holdings Limited, the owner of LF Intimates Limited which in turn owns well known lingerie and swimwear brands, Charnos and Lepel. The acquisition by Pour Moi Limited has expanded its already well established position in a competitive market.
The parties to the transaction required completion within an incredibly tight time frame which Gannons achieved.
“Gannons have provided help and support to Pour Moi Limited on a number of issues, most recently our first acquisition which they helped us to complete in a very tight timeframe. Their knowledge and support has been invaluable to us as growing company, they are always on hand to clearly explain the issues and walk us through the processes that need to be followed. We would highly recommend them, and look forward to working with them in the future.” – Julie Coles, Pour Moi
This was a well-known brand with a celebrity sportsman’s endorsement agreement. The due diligence on the business’s intellectual property proved crucial, the value being in the target’s use of the celebrity’s name and image.
Credit card business
This required new terms and conditions of use to be drafted in light of reforms to the financial services industry. Our due diligence revealed outstanding claims. We negotiated a full indemnity from the seller for all and any damages due on these claims from completion
This was to add to an existing portfolio of franchised businesses, with the sole purpose of expanding the territory of the franchise.
Media agency business
The agency was acquired by a larger group, with all employees placed on incentive schemes to stimulate growth.