PARIS — U.S.-based private equity and buyout firm TA Associates is acquiring 30 percent of French contemporary brand Zadig & Voltaire in a mezzanine investment worth 180 million euros, or $235 million at current exchange, a market source said Monday.
The deal caps lengthy negotiations with Zadig & Voltaire founder and owner Thierry Gillier, who had previously rejected offers to buy into his rapidly expanding company from funds including LVMH Moët Hennessy Louis Vuitton–backed investment vehicle L Capital Management, the source said.
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