15 October, 2024
Translink Corporate Finance team in Poland served as the exclusive transaction advisor on the finalisation of the sale of a minority stake owned by the founding family of KAN Sp. z o.o., a leading fashion retail chain in the Central and Eastern Europe Central and Eastern Europe (CEE) region operating under the Tatuum brand.
The transaction marks the end of a succession project conducted by Translink on behalf of the founding family. In the first stage of the project in 2015, the company secured a majority capital investor, PAAN Capital, while the founding family retained a minority stake. The new sole owner of the company is Paweł Kapłon, the long-serving CEO of KAN, and investor in the PAAN Capital fund. He was supported, in the buyout of co-investors and the founder, by Accession Capital Partners (ACP). The total value of the transaction exceeded 25m EUR.
Paweł Kapłon, CEO and controlling shareholder of Tatuum, says, “Since the acquisition of Tatuum in 2015, we have strengthened the position as an affordable premium and eco-conscious brand in the slow-fashion industry and have been continuously improving the customer experience. We remain ambitious for the future and aim to continue our European expansion, both offline and online, with plans for significant technological transformation to further strengthen the market position. I am confident ACP’s expertise will be very valuable as we elevate Tatuum into a truly international fashion brand.”
As emphasised by Paweł Kapłon, the new strategy aims at centralising management and executing a dynamic development plan, which includes opening 20-30 new stores annually. Currently, there are over 120 stores operating in Poland, Czech Republic, Slovakia and Hungary. By 2025, the first stores will be launched in Romania, with plans to establish at least 40 locations there. Subsequent stages of expansion will focus on the Balkan and Baltic countries. A key element of the development strategy is also to accelerate international expansion within the e-commerce channel, both in Poland and in foreign markets. Pawel Kaplon also emphasises the importance of positioning TATUUM as a recognisable brand not only in CEE but across the entire continent.
Jakub Chechelski, Partner at ACP, said, “We are thrilled to partner with Paweł for the next phase of development of Tatuum, whose focus on sustainability resonates with our own beliefs. Supporting strong, aspirational teams in executing management-led buyouts of their companies has become one of the core strategies for our funds, and we believe our experience in backing regional champions will enable the team to drive sustainable growth, unlock value and achieve their full potential.”
Contact our Team Members advising in this transaction:
Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
Located in one of Central and Eastern Europe’s fastest growing financial centres, Warsaw, Holon-Translink has spent 25 years using its thorough and deep knowledge of local realities to ensure our clients’ success. Given the region’s tremendous business potential, we have spent the past two decades positioning ourselves as a leader in buy and sell side transactions.
With extensive experience in the manufacturing, food processing, retail, healthcare, ITC, logistics, and speciality services sectors, our senior team has built a strong brand and lasting business relationships by managing dozens of SME mandates.
Our location also makes us an excellent base for building market presence in other Central and Southern European markets. As such we also assist clients looking to enter those markets through our affiliated local associates in M&A projects in Baltic Republics, Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Croatia and Slovenia.
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