Allen & Overy advises Thomas Meyer on acqusition of Desigual stake

Allen & Overy advised Thomas Meyer, founder and CEO of the Spanish brand Desigual, on the acquisition of a 10 per cent stake in the company.

Meyer bought the stake back from French investment group Eurazeo, which had acquired the 10 per cent share in the company from Meyer back in 2014.

A Eurazeo statement said the sale will generate “net proceeds of €141.9 million for Eurazeo and its investment partners, and €105.7 million for Eurazeo’s stake”.

Eurazeo has €16 billion in assets under management.

Barcelona-headquartered Desigual saw its sales drop by 11.6 per cent to €761 million in 2017, while net profits plummeted by 33.2 per cent to €47 million.

Ben Cook