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Olswang advises Malaysian high-net worth individuals on acquisition of bespoke luxury furniture designer Linley

08 Oct 2014

Olswang has advised two Malaysian high-net worth individuals on the acquisition of a majority interest in Linley.  Known for its bespoke, luxury furniture and upholstery, the British brand was launched in the 1970s by Viscount David Linley, Princess Margaret's son, who is still involved in the business. Linley has shops in Harrods, Belgravia and Burlington Arcade, London.

"The new investors knew of the brand and love the history behind the company," explained Anna Sweeting, Managing Director at Linley. "They see themselves as strategic investors, which mean that management will stay the same. By investing in the brand they are endorsing what we've done in the past three years and so they don't plan on changing our direction."

Azlinda Ariffin-Boromand, corporate partner at Olswang said: "It was a pleasure to work on this transaction for the two strategic investors, and their support for growing UK business is really encouraging."

The Olswang team was led by Partner Azlinda Ariffin-Boromand and Senior Associate Katie Nagy de Nagybaczon, with assistance from Paralegal Elena Kaltsas and Associate Poppy Weston-Davis.

Matter Type
M&A: Acquiror's Counsel
Industry
Other
News Category
M&A