Symphony International Holdings has announced today that it, together along with a co-investor, has entered into an agreement with Bridgepoint Development Capital (“BDC”), a leading European private equity fund, to acquire Financière CL SAS, the holding company of the Christian Liaigre Group (“CLG”).
Since Christian Liaigre opened his design studio in 1985 in Paris, the Liaigre brand has become synonymous with discreet luxury, and has become one of the most sought-after luxury furniture brands, renowned for its elegant, minimalistic and discreetly luxurious design style. CLG has a strong intellectual property portfolio and provides a range of bespoke furniture, lighting, fabric & leather, and accessories. In addition to operating a network of 26 showrooms in 11 countries across Europe, the US and Asia, CLG undertakes exclusive interior architecture projects for select yachts, hotels, and restaurants and private residences.
The opportunity to acquire CLG from BDC was brought to Symphony by its business partner, Chanintr Sirisant, Chairman of Chanintr Living Limited (“CLL”). CLL is a Symphony portfolio company, focused on luxury and affluent brands and is headquartered in Thailand. It is the joint venture partner for CLG in Singapore and the exclusive distributer for Liaigre in Thailand.
Anil Thadani, Chairman of Symphony Asia Holdings Private Limited and a Director of Symphony, said: “We are very excited with this opportunity to acquire one of the worlds leading consumer brands. It fits perfectly with our strategy to invest in businesses that are poised to cater to the demographic of rising affluence in Asia and indeed around the world. Symphony, looks forward to working with CLG and supporting Christophe Caillaud, President of CLG, and his team in building the brand with the Liaigre design DNA. We see significant opportunity to grow the brand and existing business, as well as expand into new complementary business areas”
SIHL : Symphony International buys Christian Liaigre