TLT advises on sale of iconic British clothing retailer Weird Fish to Total Capital Partners' Auralis fund

TLT advised the seller group, Walker Morris acted for the buyer Total Capital Partners (via its Auralis continuation fund), and Shoosmiths represented incoming lender Shawbrook; other advisers on the transaction included Alvarez & Marsal, Hazelwoods, BDO, KR8 Advisory and Doyle Clayton. The transaction comprises the acquisition of Weird Fish, a British lifestyle clothing and accessories brand, by the owner Total Capital Partners (TCP) as part of a continuation fund named Auralis. Weird Fish operates 38 stores across the UK, 72 concessions and an online business. The Auralis fund establishes an acquisition platform intended to pursue strategic growth by targeting undervalued retail businesses and brands to assemble a broader active and lifestyle-focused retail portfolio, with Weird Fish as its first acquisition. The acquisition is intended to enable Weird Fish to build on recent financial and operational improvements and to expand its presence and brand profile following record results for the first half of the financial year. TLT advised the seller group on all aspects of the sale. TLT represented the seller group with a team composed by: Elizabeth Delaney, Corporate Partner (Corporate); Kirsty Wilson, Senior Associate; Harry Jenkins, Associate; William Ngan, Legal Director. Walker Morris represented the buyer Total Capital Partners/Auralis. Shoosmiths represented incoming lender Shawbrook. Alvarez & Marsal acted as corporate finance adviser to the seller team. Hazelwoods provided vendor financial due diligence. BDO advised on tax structuring. KR8 Advisory advised on funding. Doyle Clayton provided management advisory support.

TLT advises on sale of iconic British clothing retailer Weird Fish to Total Capital Partners' Auralis fund

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads