Fox Williams leads on £120m fashion IPO

Fox Williams, Irwin Mitchell and Memery ­Crystal have taken lead roles on the proposed £120m IPO of youth fashion ­retailer SuperGroup.

Stephen Sidkin
Stephen Sidkin

SuperGroup, whose labels include Superdry and Cult, turned to longstanding adviser Fox Williams. Capital markets partner James Channo led the team, which also featured relationship partner Stephen Sidkin, employment partner Mark Watson, IT partner Kolvin Stone and banking partner Paul Taylor.

Memery Crystal acted for nominated adviser and ­broker Seymour Pierce on the admission, which is scheduled to take place later this Wednesday (24 March). The team was led by ­corporate partner Lesley Gregory, working alongside corporate partner Andrew Titmas.

Irwin Mitchell corporate partner Paul Wakefield advised SuperGroup on restructuring aspects in advance of the deal.

The IPO was first mooted last December, since when a number of high-profile ­listings, including New Look and Merlin Entertainments, have failed to ­materialise.

Sidkin said: “There have been those that have fallen by the wayside, but those have been exits for private equity houses and the companies have been carrying debt. This is different.”