1. News
August 30, 2018

Naked Brand secures $25m strategic funding from Sapinda

Global apparel and swimwear retailer Naked Brand Group has signed a non-binding term sheet with European investment firm Sapinda Holding to receive $25m strategic funding.

Global apparel and swimwear retailer Naked Brand Group has signed a non-binding term sheet with European investment firm Sapinda Holding to receive $25m strategic funding.

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The company plans to use the investment for operating synergies to support strategic acquisitions along with direct-to-consumer and e-commerce initiatives globally.

Naked Brand chief executive officer Justin Davis Rice said: “If completed, this investment will provide us with additional capital to support our plans to complete accretive strategic acquisitions to better utilise our under-leveraged operating infrastructure.

“We have identified several attractive opportunities within the e-commerce and direct-to-consumer space that we believe have the potential to create notable shareholder value over the long term. I look forward to announcing new developments surrounding these strategic initiatives as appropriate.”

As part of the agreement, Sapinda will receive an equity interest in Naked through a private placement of up to 5,000,000 newly issued ordinary shares.

Naked Brand currently has a presence in 44 countries and operates a network of e-commerce sites and 61 company-owned Bendon retail and outlet stores in Australia and New Zealand.

“Our strategic investment, coupled with our expertise through La Perla, will help Naked to improve its global presence and enhance its position.”

Sapinda co-founder and CEO Lars Windhorst said: “Since the merger with Bendon, Justin and his team have a unique opportunity to continue to take the business forward.

“We expect to bring synergies across Naked and La Perla in terms of business intelligence through greater digitalisation and shared knowledge across key product categories.

“We hope that our strategic investment, coupled with our expertise through La Perla, will help Naked to improve its global presence and enhance its position in the lingerie and swimwear industry.”

Established in 2009, Sapinda focuses on investment opportunities across continental Europe, Africa, Middle-East, and Asia.

The company acquired a 100% stake in La Perla Global Management (UK) from La Perla Group.

La Perla is a global luxury-fashion brand with presence in more than 150 locations globally. The company operates flagship stores in America, Europe, the Middle-East, and Asia.

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.