McDermott Advised Palamon On The Sale Of Its Global Leather Accessories Brand, Il Bisonte, For €100 Million
International law firm, McDermott Will & Emery advised European growth buyout private equity firm, Palamon Capital Partners on the sale of Il Bisonte to Tokyo Stock exchange-listed fashion distribution specialist, LOOK HOLDINGS INC.
The transaction valued Il Bisonte at an Enterprise Value of €100 million.
Palamon builds diversified portfolios across Financial Services, Business Services, Consumer and Healthcare verticals driven by proprietary investment thematics. Palamon acquired Il Bisonte in the summer of 2015 as part of the Firm’s “Made in Europe” thematic, and invested substantially in professionalising the business and building out the sales and distribution infrastructure.
Il Bisonte was one of few remaining independent luxury Italian brands focused on leather handbags and accessories, with an authentic locally sourced product range and which had proven international appeal.
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