State of Art, international menswear brand, welcomes new stakeholders
State of Art, an international menswear brand and family business since 1936, welcomes part of its management team and investment company Quadrum Capital as new shareholders.
The company's current owner, the Westerman family, transfers the majority of its shares to Quadrum Capital. Quadrum Capital, together with the management, will lead the family business. The Westerman family remains shareholder of State of Art.
In Quadrum Capital we see a partner who respects our core values – and therefore the culture of our company. The starting point of our partnership is to build on the future of State of Art from its strong foundation with new expertise and skills.Westerman family
Arjan Hoop of Quadrum Capital: “State of Art is a beautiful brand with a strong heritage and a rich history as a family business. We will build upon this with respect and together with the management team use the opportunities to further develop and grow State of Art.”
Martijn Mateman, operational director of State of Art: “We welcome Quadrum Capital as a new member of the State of Art family. With the knowledge, expertise and network of Quadrum Capital, we will further professionalize our organization and shape our ambitions as a leading international fashion brand full of energy.”
State of Art is an international brand in casual menswear with a rich family history dating back to 1936. The brand is known for its consistent quality, a sporty, contemporary signature and its affinity with classic cars. From the head office in Lichtenvoorde (NL), the showroom in Antwerp (BE), 40 own brand stores and more than 600 official dealers, State of Art serves the self-conscious man.
Contact for this transaction
For more information on the transaction, please contact Adse de Kock.
The Dutch financial newspaper FD published this article about the transaction.