The GPE team has been investing in the sector for over 20 years and recently completed two investments in the apparel retail space: lululemon athletica, the premier athletics and yoga apparel specialty retailer, and Fat Face, the UK's leading retailer of active lifestyle clothing.
Advent International is one of the world's top three global buyout firms, with 14 offices in 14 countries across North America, Latin America, Western and Central Europe, and Asia. Since its inception in 1984, Advent has invested in more than 500 companies and has helped businesses raise over $10 billion through public equity and debt offerings.
Founded over 70 years ago, Milano has a long tradition of selling apparel to Mexico's low- to middle-income segments. Initially focused on men's clothing, the company has broadened its offering over the past several years to include affordable, quality apparel for the whole family.
Today Milano is the undisputed leader in the Mexican discount clothing market, with 257 stores in 120 cities nationwide. The company has a 10-year track record of growth and profitability and ended 2005 with approximately $260 million in sales, making it significantly larger than its nearest competitors.
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