European Lingerie Group acquires Yustyna, a lingerie ready garment producer in Belarus​

29/01/19
 

European Lingerie Group (ELG) announces the acquisition of Yustyna Ltd (renamed to Senselle Ltd), a lingerie ready garment producer in Belarus. The acquisition is part of the Group’s strategy to expand operations and add capacity for private label and Senselle by Felina brand production.

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European Lingerie Group AB lists its bonds on Nasdaq Stockholm

02/01/19

European Lingerie Group AB (publ), a Sycamore investment, announced the trading of its bonds on Nasdaq Stockholm Corporate Bond list. The Company issued a senior secured bond of EUR 40,000,000 on 22 February 2018, within a total framework amount of EUR 60,000,000. The Bonds carry a floating interest rate of EURIBOR 3m + 7.75 per cent. per annum and matures 22 February 2021.

 

European Lingerie Group acquires Dessus-Dessous, the French leader in online sales of lingerie

14/06/18

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European Lingerie Group AB (ELG), a Sycamore investment, announces the acquisition of Dessus-Dessous S.A.S, the largest online retailer of lingerie and swimwear in France. The company specializes in online sales of luxury lingerie brands including Lise Charmel, Van De Velde, Simone Pérèle, Felina, Conturelle and others. Dessus-Dessous sales amounted to 7.3 million euros in 2017 and it employs 31 people. The acquisition marks ELG's expansion to the online retail segment of the lingerie market, and reinforces the Group’s strategic commitment to building a truly vertically integrated business.  

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European Lingerie Group successfully issues a 3-year EUR 40 million senior secured bond

14/02/18

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European Lingerie Group AB has successfully placed a EUR 40 million senior secured bond under a framework of up to EUR 60 million. The Bonds, maturing in February 2021, will bear a floating rate coupon of 3 month Euribor + 7.75%, with interest paid quarterly. The Bonds will be governed by Swedish law and the Company has undertaken to list the Bonds on Nasdaq Stockholm within 12 months of the issue date.

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European Lingerie Group acquires Russian distributor Avangard
11/01/18
 

European Lingerie Group AS announces the acquisition of AO Avangard, a distribution company in Russia. With the acquisition ELG aims to secure its business in the Russian market, enhancing sales and services to customers in Russia. Avangard distributes medical textiles by Lauma Medical and lingerie materials by Lauma Fabrics, both European Lingerie Group (ELG) companies. The cooperation with Avangard was established in 2012. During these years, the company has generated healthy profits and a stable turnover level.
 

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Baltic M&A and Private Equity Awards: Outbound Deal from the Baltics 2017 – European Lingerie Group's acquisition of Felina

05/10/17

 

On 4 October the winners of the Baltic M&A and Private Equity Awards were announced as part of the Baltic M&A and Private Equity Forum in Riga. The most prominent deals of the year were awarded in three categories. European Lingerie Group's acquisition of Felina International AG was awarded "Outbound Deal from the Baltics 2017". The winning deals for the 2017 awards were selected by an independent pan-Baltic jury.

 

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European Lingerie Group acquires Felina, a lingerie group, from private equity investor Palero​

14/06/17

European Lingerie Group AS announces the acquisition of Felina International AG, the parent company of the German-based lingerie group. Felina, whose history dates back to 1885, manufactures and distributes lingerie under the brand names “Felina” and “Conturelle”. With the acquisition of Felina, the Group expands its reach to manufacturing and retail of lingerie, forming a new vertically integrated structure with the combined revenue in excess of 70 million euros and a workforce of 1,250 people, which will serve as a platform for further consolidation in the market.