Genui Partners has completed a long-term capital increase for CLOSED and secures funding for further growth.
Blue Corporate Finance exclusively advised the majority owners in the transaction. Both parties agreed not to disclose any further transaction details.
Closed is an international denim fashion brand located in Germany and was originally founded in 1978 in Italy. Most of its products are still being produced in Italy, home of the world’s best denim manufactories. CLOSED’s designer denim fashion is sold worldwide in mono-brand stores, leading department and concept stores and on its corporate website. Since 1998, the company has been led by Gordon Giers and Hans Redlefsen, who were joined by Til Nadler in 2004.
GENUI is an investment company founded by entrepreneurs and investment experts, which enters into long-term engagements with medium-sized companies in German speaking regions. Detlev Meyer, one of the most successful fashion entrepreneurs in the world, is only one example of GENUI’s team of entrepreneurs.