Baker & McKenzie advised Gilde Buy Out Partners on the acquisition of Riri Group, a leading manufacturer of high-end zippers and buttons to the luxury and accessories industry.

Gilde is a leading European private equity investor for mid-market transactions and manages funds in excess of EUR2 billion.

Gilde acquired Riri from its current shareholders, including funds advised by Synergo and other private individuals. The management team will become a significant shareholder in the company. The terms of the agreement have not been disclosed.

Partner Martin Frey, assisted by Petra Hanselmann, led the team. Theodor Hartsch, assisted by Timo Leis, provided acquisition finance advice. Baker & McKenzie offices in Italy, China, Germany, France, New York and Hong Kong also advised.

Mr. Frey commented, "We're delighted to advise Gilde on this exciting acquisition of a market-leader in supplying the luxury fashion and accessories industry. The international nature of the business required coordination across many jurisdictions."

The transaction is subject to approval by the Austrian antitrust authorities.