PARIS — L Capital has acquired a 49 percent stake in Arcturus Capital, the holding company of El Ganso.
The private equity fund — sponsored by LVMH Moët Hennessy Louis Vuitton and Groupe Arnault — will help invigorate the Madrid-based label and drive its growth in international markets, the firm said on Friday.
Details of the financial transaction were not disclosed.
L Capital already holds stakes in a series of contemporary fashion brands, including Ba&Sh, Giuseppe Zanotti, Pepe Jeans, Hackett, Sandro, Maje, Claudie Pierlot and Gant.
Designed and manufactured in Europe, El Ganso offers affordable ready-to-wear for men, women and children along with footwear and accessories.
The company projects net revenues will exceed 70 million euros, or $78.9 million at current exchange, by yearend, logging a 50 percent annual growth rate over the last five years.
By the end of 2015, El Ganso is expected to operate 120 stores with a total of 600 employees.
“In spite of being a relatively young company, El Ganso has managed to create its own space with a very differentiated sportswear line…and an important presence in the Spanish market,” noted Julio Babecki, managing director of L Capital Equity Advisors in Spain. “The success to date of its international expansion, particularly in some of the world’s most challenging fashion hubs such as Paris, London and Milan, together with our international experience in the fashion industry, will contribute to the promising future for our brand and a high level of growth going forward.”
El Ganso is owned by Clemente Cebrián Ara and his sons Alvaro and Clemente, who founded the label in 2004.