In recent news, the Silverfern Group has announced that it has co-invested in the acquisition of IKKS. They are one of the leading French brands and are part of the “casual chic” segment. The company includes IKKS Women, IKKS Junior, IKKS Men, One Step, X and O, and I.Code brand names.
Upon completion of the investment, Silverfern Co-Managing Partner Reeta Kapani Holmes said “Silverfern is pleased to partner with LBO France and Roger Zannier in the acquisition of IKKS, which has achieved substantial scale across multiple brands.”
In 2014, IKKS’s group sales exceeded 300 million euros with 20% generated outside of France. IKKS is already in Benelux, in Spain and in the Middle East. They have also opened points of sale in Germany.
The Silverfern Group was founded by Clive Holmes and Reeta Kapani Holmes. They are a leader in active global direct investment and were founded in 2001. They invest on behalf of more than 60 of the world’s largest and most sophisticated multi-billion-dollar single family offices.