Cath Kidston Partners With TA Associates
April 01, 2010 04:03 AM Eastern Daylight Time
LONDON--(EON: Enhanced Online News)--Cath Kidston today announces that TA Associates, the global private
equity firm, has acquired a majority stake in the company. Financial details of the investment were not disclosed.
As part of the transaction, Founder and Creative Director Cath Kidston will retain a substantial stake in the business
and will continue to be fully involved in her current role. Cath Kidston’s senior management will also continue to hold
a significant stake.
Cath Kidston said: “We are delighted to have found a fantastic partner in TA Associates whose expertise and
international reach will help us to take the business to the next stage of its development. We now have the necessary
partner in place to expand the brand internationally in Asia and other markets whilst enhancing our core offer in the
UK.”
Chris Parkin, a Principal of TA Associates who will join the company’s Board of Directors, said: “Cath Kidston’s
distinctive British lifestyle brand commands a loyal following both in the UK and internationally. We look forward to
working with Cath and the management team to further develop the business.”
Jeffrey Barber, a Managing Director of TA Associates who will also join the company’s board, further commented:
“Cath Kidston fits nicely with TA’s consumer/retail growth investment strategy. This increasingly global company is
well-positioned to capitalise on its unique branded products and design aesthetic to continue to grow rapidly
worldwide.”
Quayle Munro were corporate finance advisers to Cath Kidston and its shareholders on the transaction. Hammonds
provided legal advice for Cath Kidston and Macfarlanes provided legal advice for TA Associates.
About Cath Kidston:
Cath Kidston is a distinctive British lifestyle brand best known for its witty vintage inspired prints and wide array of
household and fashion products - from floral china to polka dot bags. Founded by its namesake