Long Tall Sally Acquired From Amery Capital by Equistone-backed TriStyle Mode GmbH - Seite 2

Niels Degen, member of the TriStyle management team said: "At TriStyle we are delighted to welcome Long Tall Sally to our group. Together with Long Tall Sally and its fabulous management team we will continue to strengthen our position as a leading women's omni-channel fashion retailer. We will work together closely for continuous growth of the TriStyle companies Long Tall Sally, Peter Hahn and Madeleine."

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Advisors: 

Amery Capital and Long Tall Sally, its Shareholders and Management were advised by BDO (Tax DD), Blick Rothenberg (Audit and Tax DD), Berwin Leighton Paisner (Legal Advisor), Financo (Financial Advisor), KPMG (FDD and Tax Advice), Javelin (CDD) and Livingstone Partners (Management Advisor).

Michael Bork and Dr. Katja Mühlhäuser led the transaction for Equistone Partners Europe. TriStyle and Equistone were advised by Shearman and Sterling (Finance EPE), Latham & Watkins (Banking), CMS (Legal Due Diligence, SPA), KPMG (Financial and Tax Due Diligence) and PWC (Commercial Due Diligence).

Notes to Editors: 

Long Tall Sally 

www.longtallsally.com

Long Tall Sally is an omnii-channel retailer of fashion for taller women. The Company was founded in 1975 by six-foot tall American entrepreneur, Judy Rich, who opened the first store on Chiltern Street in the west end of London in 1976. The Company's mission is to be "the first choice in fashion for tall women worldwide".

LTS an online led omni-channel retailer generating c.70pc of it revenues from it ecommerce websites, supported by a catalogue distributed in its four main markets of US, UK, CA and DE as well as shipping to over 120 countries. The business also has 10 stores in the UK, 7 in Canada, 4 in the US and 5 in Germany. The Company achieved LTM to July 2016 sales of c.£50 million and underlying profit of £3.8 million (Euro 4.4m USD 5.0 million). All clothing is designed in-house, carefully proportioned to flatter taller women. The company has 388 employees globally, 212 working in the UK, 129 in North America and 47 in Germany.

Amery Capital Limited purchased long Tall Sally through a CVA in 2005 and has funded the organic growth and acquisitions, which have together transformed the business, including Tall Girls CA, Barefoot Tess USA, Long Fashion DE and Long Elegant Legs USA, all of which have been subsumed into a global single view of customers and inventory,