Clearwater International has advised the shareholders of &tradition A/S (&tradition) on its sale to HAY – an established Danish designer and manufacturer of contemporary furniture, accessories and rugs – and Anders Holch Povlsen, Danish businessman and CEO of fashion chain, Bestseller.
Established in 2010, &tradition is a leading Danish lighting, furniture and accessories design company. The award-winning business is known for its unique combination of classics by iconic Danish designers including Arne Jacobsen and Verner Panton – and new designs created in collaboration with internationally renowned designers such as Jaime Hayon and Luca Nichetto. &tradition products are retailed in high-end stores and it has secured contracts in more than 50 countries worldwide.
Danish design brands are experiencing increasing attention from international markets; we expect to see continued interest from investors in this segment.
The Clearwater team was led by Partner Andreas Lauth, with support from Director Jonas Angaard Madsen and Associate Maria Malmborg Christensen.