Leading international law firm SJ Berwin has advised private equity firm Lion Capital on the acquisition of British based hair styling brand ghd.

ghd, which stands for good hair day, sells professional hair styling irons with celebrity customers including Katy Perry, Madonna and Jennifer Aniston. Based in the UK, the company also has international operations throughout Europe, Australia, South Africa and the USA.

It has been sold by Montagu Private Equity, which  bought the company in 2007 for £160m, and has since doubled profits to more than £32 million.

Lion Capital is recognised as a leading investor in the consumer sector.  With offices in London and Los Angeles, the firm’s principals have led the investment of €6 billion of equity capital in consumer businesses across Europe and North America totalling over €19 billion of enterprise value.

Steven Davis, head of SJ Berwin’s Corporate group, said: “This is the latest in a long line of transactions we’ve advised Lion Capital on, following their recent acquisition of All Saints Spitalfields and French eyewear retailer Alain Afflelou. With Lion Capital’s expertise in the consumer sector, they are well placed to accelerate the growth of this iconic brand.”

Steven Davis, head of SJ Berwin’s Corporate group, led the team with Finance partner Ian Borman and Corporate associates Leanne Moezi and Phil Coletto.

SJ Berwin has recently advised Lion Capital on the acquisition of fashion chain All Saints Spitalfields from Icelandic banks Kaupthing and Glitnir and on the acquisition of French eyewear retailer Alain Afflelou from Mister Alain Afflelou, Bridgepoint, Apax Partners France and Altamir Amboise.

http://www.sjberwin.com/newsdetails.aspx?hd=News&pid=3254&ctid=0&mid=1&…