Hunkemöller has been acquired by its management team alongside The Carlyle Group

February 2016 — Hunkemöller' management team has successfully participated in the acquisition of the company by The Carlyle Group. Financial details have not been disclosed.

Hunkemöller is a lingerie retailer with an international network of nearly 600 stores in 16 countries. It has the number one position as a lingerie specialist in the Benelux, is a leading retailer in Germany and has a growing franchise network. The company has a strong track record of growth and profitability and significant expansion potential.

The Carlyle Group is a global alternative asset manager with US$178 billion of assets under management across 125 funds and 164 fund of funds vehicles.

PAI is a major European private equity firm and is the largest private equity investor headquartered in France. PAI manages and advises dedicated private equity funds with total assets under management of approximately US$10 billion.

Our role in the transaction

Oaklins' debt advisory team in the Netherlands acted as exclusive financial advisor to the management team of Hunkemöller. Activities focused on supporting management in the negotiation of their management equity participation package.