AURELIUS and Gordon Brothers provide a new £25m facility for the acquisition of French Connection plc
- AURELIUS Finance Company in conjunction with Gordon Brothers, are pleased to have provided a £25m senior lending facility to MIP Holdings for the acquisition of French Connection UK plc.
French Connection (including the FCUK brand) is a UK-based global retailer and wholesaler of fashion clothing, accessories, and homeware founded in 1972 by Stephen Marks. The famous brand can be found in many stores across the UK and worldwide.
MIP Holdings is the acquisition vehicle of Apinder Singh Ghura, Amarjit Singh Grewal and KJR Brothers Limited, a group of experienced businessmen in the wholesale and retail sector, who have previously purchased high-profile fashion brands including Bench and Joe Bloggs.
AURELIUS and Gordon Brothers were able to provide a comprehensive and flexible debt solution that financed the acquisition, as well as supporting the ongoing working capital needs of the business.
MIP Holdings Shareholder Apinder Singh Ghura said: “We are excited to have the support and backing of the AURELIUS and Gordon Brothers teams. We have been pleased by their commerciality and speed of execution and we look forward to working with them closely on the transformation of French Connection.”
Karun Dhir, Managing Director of AURELIUS Finance Company said: “We are delighted to be able to support Apinder, Amarjit and team, on the acquisition of French Connection. We have been very impressed by their plans and commitment to re-invigorate a well-loved British brand and look forward to partnering with them over the coming years.”