KBS Corporate Advises on the Acquisition of Hervia Bazaar Limited
Hervia Bazaar Limited specialises in the sale of luxury apparel and products from several highly respected brands and designers, establishing a loyal client base and an exceptional reputation within the fashion industry.
Richard Duncalf and Oscar Pinto-Hervia, the shareholders of Hervia Bazaar Limited, approached KBS Corporate with the sale of their business.
The company received 25 interested parties which led to a competitive bidding environment. The ultimate offer came from Parabellum Investments, a family office operating as a global private equity firm.
Rami Cassis, founder of Parabellum Investments, commented: “Hervia has a rich legacy as a brand and strong foundations as a business, and our ambitious plans are based on driving future organic growth as well as exploring new acquisitions for Hervia.
“I look forward to investing in the business from top to bottom, including improving the customer experience, entering new segments of the market, and adding to an already excellent team.”
Oscar Pinto-Hervia, Chief Executive of Hervia, added: “It’s an exciting time for Hervia as we look to onboard fresh, new brands and open additional stores. I was struck by Rami’s enthusiasm and his growth plans for Hervia align with our ambitious vision for the company.
“His strong track record of leading and managing companies ensures he’s a great fit to take us forward into the next phase of expansion.”
Jay Singh Corporate Finance Director at KBS Corporate, advised Hervia Bazaar Limited throughout the process.