London—Dentons has advised Frasers Group plc on the financing of its takeover offer for German fashion brand Hugo Boss AG, valuing the business at approximately €1.98 billion.
Frasers Group is one of the UK’s leading retail and consumer groups, with a portfolio of brands including Sports Direct, House of Fraser, Flannels, Game, Jack Wills and Evans Cycles. The offer follows Frasers Group’s strategic investment in Hugo Boss, in which it has steadily increased its shareholding since 2020 and currently owns more than 25% of the company. The proposed acquisition would further strengthen Frasers Group’s position in the global fashion and retail sector.
The financing was provided by BNP Paribas, Deutsche Bank, National Westminster Bank and Standard Chartered Bank as bookrunners and mandated lead arrangers. BNP Paribas also acted as documentation agent.
The transaction was led by Banking and Finance Partner Joe Byron Evans, supported by Senior Associate Victoria Bresslaw and Associate Will Anthem.
Joe Byron Evans said: “We are delighted to have advised Frasers Group on the financing for this significant and high-profile transaction. The proposed acquisition represents an important strategic milestone for Frasers Group and demonstrates its continued confidence in the long-term growth prospects of Hugo Boss. It was a pleasure to work alongside the Frasers Group team and the financing banks to help deliver this transaction.”
