Multiply Group Secures Controlling Stake in Tendam with CVC and PAI Partners
Deal News | Feb 25, 2025 | CVC Capital Partners
Multiply Group has entered into a landmark investment alongside CVC Capital Partners and PAI Partners to acquire a controlling stake of 67.91% in the fashion retail company, Tendam. The transaction is strategically significant as it is projected to double Multiply's operational EBITDA following the consolidation. This investment marks a prominent step for Multiply Group in expanding its operational capabilities and achieving greater market influence. The involvement of established private equity firms like CVC and PAI underscores the financial and strategic importance of this deal.
Sectors
- Private Equity
- Retail
Geography
- Global – The transaction involves multinational entities including private equity giants and a significant retail brand, indicating a wide geographical impact.
Industry
- Private Equity – The article focuses on the involvement of private equity firms CVC Capital Partners and PAI Partners in the transaction with Multiply Group.
- Retail – Tendam, the target company, operates in the fashion retail sector.
Financials
- 67.91% – The controlling stake percentage acquired by Multiply Group in Tendam.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Multiply Group | Bidding Company | Company | An investment company that has secured a controlling stake in Tendam. |
| CVC Capital Partners | Private Equity Firm | Company | One of the largest private equity firms globally, backing Multiply Group's investment in Tendam. |
| PAI Partners | Private Equity Firm | Company | A European-based private equity firm participating in the Tendam investment. |
| Tendam | Target Company | Company | A fashion retail company in which Multiply Group has acquired a controlling stake. |