PARIS — Experienced Capital Partners has concluded a deal to buy a 70 percent stake in the French shirtmaker Alain Figaret.
The deal represents the fifth investment by the firm founded by Frédéric Biousse, Elie Kouby and Emmanuel Pradère, former executives of French contemporary fashion group SMCP, or Sandro, Maje and Claudie Pierlot.
“We think Figaret has huge potential for development both in France and overseas,” said cofounder and director-general Emmanuel Pradère when he told WWD about the deal in September. “We are thinking of Europe, but also Asia.”
The brand’s owner, EPI Group, which also owns shoemaker J.M. Weston, the Bonpoint children’s wear brand, and Piper-Hiedseck Champagne, will retain a 30 percent stake in the company. EPI also retains an interest in Alain Figaret as an investor in Experienced Capital Partners.
Experienced Capital Partners has said it would continue snapping up investments — saying it aims to have between eight and 10 by the end of this year.