Clearwater International acted sole financial adviser to palero capital on the acquisition of 100% of the share capital of Felina International AG from Swiss private investors.
Felina is a leading European designer and manufacturer of high quality lingerie, with more than 130 years of history evolving out of a small corsetry factory. Today, the company is present in over 50 countries worldwide with its three brands; felina, CONTURELLE by Felina and [un:usual]. Headquartered in Germany, the company’s international reach includes North America, Scandinavia, the United Arabic Emirates and Russia, as well as production facilities in Hungary and the Ukraine. With more than 6,500 retailers and around 800 employees, Felina is generating approximately €50m in revenues.
palero invest S.à.r.l is an independent private equity fund based in Luxembourg, which is exclusively advised by Munich-based palero capital and specialises in acquiring majority stakes of private, mid-sized European companies to optimise internal processes and operations.
With this acquisition, palero capital acquired a strong, established and internationally recognised brand portfolio. In close collaboration with the management team, palero will invest additional funds in order to further develop Felina’s core markets and product offering, thus driving the company’s future growth.
Clearwater International, led by partner Markus Otto, advised palero capital.