Macfarlanes has advised the family trusts of Tom Singh, the founder of clothing retail chain New Look, on the sale of the business by Apax and Permira to Brait SE, an investment company, for an enterprise value of £1.9bn.

Brait will acquire 90% of New Look, with the Singh family trusts and current management remaining as shareholders and acquiring the remaining 10%.

The Macfarlanes team was led by corporate M&A partner Harry Coghill and private client consultant Robin Vos.

New Look has gone through a significant transformation over recent years and is now the leading fast fashion retailer in the UK for the under 35s with more than 800 stores worldwide.