Masai Clothing Company to be acquired by Silverfleet Capital

Silverfleet Capital, a European private equity firm will acquire a majority interest in Danish fashion brand Masai. Masai’s worldwide retail sales are approximately US $ 117 million. The existing management will continue to lead the business and will acquire a minority interest in it. This is the first investment that Silverfleet has made from its new US $ 949.84 million fund, Silverfleet Capital II, which closed last month. On this development Sune Bjerregaard, CEO, Masai remarked, “We are delighted to partner with Silverfleet. We felt they were the right partner for us to help us grow even further, particularly as they have extensive experience of investing in retail and consumer related businesses and a significant track record of helping companies to expand internationally.”