L Capital Asia, the Asian private equity fund of luxury brands group LVMH, and M1 Fashion, a subsidiary of Lebanese investment firm M1 Group, have acquired a majority stake in Pepe Jeans Group, a Spanish headquartered international group of companies operating in the fashion industry, from Torreal SA, Artá Capital and L Capital Europe. The group includes Pepe Jeans London, which accounts for 70% of group sales and the Hackett brand, which accounts for the remaining 30% of group sales. The agreement was signed on February 6, 2015 and the transaction was completed on July, 7 2015. Dechert LLP advised M1 Fashion and L Capital Asia in the transaction, the terms of which were not disclosed.

The Dechert team advising L Capital Asia and M1 Fashion (a long-time client of Camille Abousleiman’s) was led by Simon Briggs and includes a cross-border corporate team consisting of Mike Jarrett, Iona Friedberg, Josh Smith, Kirsty Elder (London); Judith Malka (Paris); and Giovanni Russo, Julia Braun and Carina Klaes-Staudt (Munich). The team also includes Mark Stapleton (Tax, London), Isabelle Rahman, Wim Vandenberghe, Michael Okkonen (Litigation, London); Corinna Mitchell, David Gervais, Isaac Bordon, Liselot Ronz, Justin Nuttall (Finance and Real Estate, London); Renzo Marchini, Kate Norman and Jaimee Bickle (Intellectual Property, London).