Login
Princess Polly Group advised on sale of controlling interest
Online fast-fashion retailer Princess Polly Group and its founders have sold a controlling interest to an American private equity outfit.
Jerome Doraisamy
Firm: Mills Oakley (with financial advisers Miles Advisory and MYMAX) (Princess Polly Group Pty Ltd); Norton Rose Fulbright (Summit Partners)
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Deal: Princess Polly Group has sold a controlling interest in the company to US-based private equity firm Summit Partners.
Value: Undisclosed
Area: Corporate Advisory
Key players: The Mills Oakley team was led by partner Tony Lalor, who was assisted by senior associate Sam Bassingthwaighte.
Deal significance: Mr Lalor said that the transaction was a testament to the strength of the Princess Polly business.
“The shareholders were extremely happy with the result and are looking forward to the next stage of growth. We congratulate Princess Polly and Summit Partners on completing this transaction,” he said.
