Clearwater International Denmark has advised the owners of SkyBrands A/S (“SkyBrands”), a leading European licensing specialist within the home textile and apparel market, on its 60% divestment to CataCap, a Danish private equity fund.
Since its establishment in 2008, Skybrands has successfully developed into a leading international licensing specialist within branded home textile and apparel products sold to age groups from pre-school to teenagers. SkyBrands has its headquarters in Vejle, Denmark, with international offices in Manchester and a recently opened office in Dubai from which some of the largest retailers in Europe and the Middle East are serviced.
SkyBrands’ licensors include a long list of highly recognized international brands such as Disney, FC Barcelona, Real Madrid, Ferrari and Universal’s Minions. SkyBrands develops and supplies branded products such as bed linens, towels, pillows, T-shirts and swimwear. CataCap’s investment will strengthen the growth of SkyBrands and provide a strong platform going forward.
The SkyBrands deal marks the second successful transaction within the home textile licensing market for Clearwater International, following the sale of Character World (UK) to Palatine Private Equity (UK) in December 2014.