5th May 2016 08:32
LONDON (Alliance News) - Symphony International Holdings Ltd, which invests in consumer-related businesses, on Thursday said it has entered an agreement with private equity house Bridgepoint Development Capital to acquire Financiere CL SAS, the holding company of Christian Liaigre Group.
Christian Liaigre is a luxury furniture brand with 26 showrooms across 11 countries. The company also undertakes bespoke interior architecture projects for yachts, hotels, restaurants and private residences.
No financial details on the acquisition were provided.
"We are very excited with this opportunity to acquire one of the worlds leading consumer brands. It fits perfectly with our strategy to invest in businesses that are poised to cater to the demographic of rising affluence in Asia and indeed around the world," said Symphony Director Anil Thadani.
Symphony shares were untraded on Thursday, having last traded at USD0.72 per share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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