
Investment date:
1/9/2010
-
State:
Exited
Strategy:
Florac Mid-Market Europe
Country: United States
France
The SMCP Group is a French “Accessible Luxury” ready-to-wear group that owns the aspirational brands Sandro, Maje and Claudie Pierlot.
In September 2010, as part of the creation of the SMCP group, Florac and L Capital took control of the group alongside the founders and artistic directors of the Sandro and Maje brands and their managers Frédéric Biousse and Elie Kouby, with the objective of supporting the structuring of the group and accelerating the deployment of the network of points of sale in France and Europe and to initiate extra-European development. Florac sold its stake in 2013, as part of the takeover of the group by the investment fund KKR.
https://www.smcp.com/fr/