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LPA-CGR avocats advises APM Monaco in the 30% stake investment by TPG-led consortium

LPA-CGR avocats has advised APM Monaco, the leading contemporary jewellery brand originating from Monaco, in the investment made by a TPG-led consortium. TPG Capital Management and its partners China Synergy, an investment platform co-founded by TPG and CICC Capital, and the French private equity investment firm Trail will acquire 30% of the APM group from its existing shareholders. The transaction is expected to close in the next couple of months.

Created in 1982 by Ariane Prette, APM started initially as an original design manufacturer (ODM) for leading European distributors and thereafter launched its own jewellery brand APM Monaco. Headquartered in Hong Kong, APM combines contemporary luxury with fast retailing. With its in-house design experts, APM is a pioneer in the fashion jewellery space with strong product innovation. Today APM Monaco can be found in 26 countries, with approximately 200 retail stores.

Through this transaction, APM Monaco is pursuing its strategic development with the aim of positioning the brand at the forefront of the world market.

LPA-CGR avocats led by Nicolas Vanderchmitt (Partner and Head of the Hong Kong office) with the support of Erik Leyssens (Counsel), Marie-Gabrielle du Bourblanc and Ryan Tsoi (Associates), has advised APM Monaco on all the legal and tax aspects of the transaction.

Paul Weiss also acted alongside LPA-CGR avocats and Natixis acted as financial advisor to APM Monaco.

Cleary Gottlieb Steen & Hamilton advised TPG Capital Management and the consortium members.

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