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Princess Polly Group advised on sale of controlling interest
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Princess Polly Group advised on sale of controlling interest

Princess Polly Group, deal, handshake

Online fast-fashion retailer Princess Polly Group and its founders have sold a controlling interest to an American private equity outfit.

Firm: Mills Oakley (with financial advisers Miles Advisory and MYMAX) (Princess Polly Group Pty Ltd); Norton Rose Fulbright (Summit Partners)

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.

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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.

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is a senior writer for Lawyers Weekly and Wellness Daily at Momentum Media.

Jerome is an admitted solicitor in New South Wales and, prior to joining the team in early 2018, he worked in both commercial and governmental legal roles and has worked as a public speaker and consultant to law firms, universities and high schools across the country and internationally. He is also the author of The Wellness Doctrines self-help book series and is an adjunct lecturer at the University of Western Australia.

Jerome graduated from the University of Technology, Sydney with a Bachelor of Laws and Bachelor of Arts in Communication (Social Inquiry).

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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