Yards advises NextStage AM on its investment in Wolf Lingerie Group

Yards advised NextStage AM on its €21 million equity investment in the Wolf Lingerie group, alongside Bpifrance and BNP Paribas Développement.

This majority LBO takes place at the time of the exit of the group’s majority shareholder, GIMV. The fundraising will enable the Wolf Lingerie Group via Happy Lingerie Group, led by its CEO Jean-François Mialon and its management team associated with the group’s capital, to consolidate its position in the plus-size lingerie market and to accelerate the group’s digitalization and international growth.

Yards was involved in the audits, the drafting and negotiation of the contracts relating to the investment of the financial investors, the reinvestment of the founders and the acquisition of the target and then in the setting up of the senior bank financing.

The Yards team was composed of Igor Doumenc, Julien Brouwer and Kamélia Kerchi on the M&A aspects, Maud Gendron and Julia Faure on the financing aspects, Dorothée Traverse and Jeanne-Eve Lepinay on the tax aspects and Christine Hillig-Poudevigne and Marion Peringuey on the social aspects.