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TA Associates acquires majority stake in Cath Kidston

Private equity firm TA Associates has acquired a majority stake in Cath Kidston, a British lifestyle brand best known for its vintage inspired prints and household and fashion products.

Financial details of the investment were not disclosed.

As part of the transaction, founder and creative director Cath Kidston will retain a substantial stake in the business and will continue to be fully involved in her current role.

Cath Kidston’s senior management will also continue to hold a significant stake.

Kidston says: “We are delighted to have found a fantastic partner in TA Associates whose expertise and international reach will help us to take the business to the next stage of its development. We now have the necessary partner in place to expand the brand internationally in Asia and other markets whilst enhancing our core offer in the UK.”

Chris Parkin, a principal of TA Associates who will join the company’s board of directors, adds: “Cath Kidston’s distinctive British lifestyle brand commands a loyal following both in the UK and internationally. We look forward to working with Cath and the management team to further develop the business.”

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