Macfarlanes advises on sale of online design store

Hammonds, Macfarlanes and Thomson Snell & Passmore have claimed starring roles on the sale of designer Cath Kidston’s global chain of shops to private equity firm TA Associates.

Hammonds, Macfarlanes and Thomson Snell & Passmore have claimed starring roles on the sale of designer Cath Kidston’s global chain of shops to private equity firm TA Associates.

The deal was signed ­following a competitive ­auction between a number of bidders.

A Macfarlanes team led by corporate partners Ian Martin and Simon Perry advised TA Associates. Finance partner Richard Rogerson advised on the debt side of the transaction.

The deal is the third that the City firm has handled for TA since it acted on the sale of software licensing business SmartStream to DIFC Investments in 2007.

Hammonds corporate partner Nick Allen advised the shareholders of Cath Kidston Ltd (CKL) on the £106m deal, while ­Thomson Snell acted for Cath Kidston herself, who retains a stake in the business she founded in 1993.

The South East firm ­fielded a team featuring head of corporate James Herbert and employment chief Nick Hobden. Caroline Graham of Keystone Law advised the remaining members of the CKL management team.

Debt financing was ­provided by Lloyds, which turned toAshurst finance partner Helen ­Burton.