On February 25, 2019, women's activewear retailer Bandier secured a $25 million capital investment from Eurazeo, a leading global investment company. Under the terms of the deal, Eurazeo will take a minority stake in Bandier. C Ventures, an investment fund focused on emerging fashion, media and creative businesses, and other investors also participated in the funding, bringing the total investment to $34.4 million.
Founded in 2014 by namesake Jennifer Bandier and Neil Boyarsky, the company now has seven retail stores in the United States, along with a strong e-commerce business, and also operates Studio B, a boutique fitness location.
In a press release announcing the deal, Jennifer Bandier said, "Our vision for Bandier is to be the premiere multi-channel platform for an active woman who loves fashion, fitness and wellness," with Boyarsky adding, "Eurazeo Brands' retail expertise and global approach make them the perfect partner for our next phase of growth."
News of the funding was reported in Women's Wear Daily, Fashion Network, Fashion United and PE Hub, among other outlets.
The Pryor Cashman Team
Advising Bandier on the transaction from Pryor Cashman were John Crowe, co-leader of the firm's Corporate and Mergers + Acquisitions Groups, Corporate Associates Michelle Pham and Eric Wisotsky, Intellectual Property Partner Teresa Lee and Counsel Philippe Zylberg.
Eric Woldenberg, head of the firm's Tax Group, also advised on the deal, along with Tax Counsel Rebecca Schmutter, Labor + Employment Counsel Matthew Young and Banking + Finance Partner Christopher Mellevold.
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