Linklaters has advised Apollo, RBC and Morgan Stanley on the financing for The Carlyle Group’s acquisition of END. Clothing

Linklaters has advised Apollo, RBC and Morgan Stanley on the financing for The Carlyle Group’s acquisition of a majority stake in luxury, streetwear and sportswear retailer END..This was one of the year’s largest retail deals during a challenging period for the wider industry. The firm advised funds managed by Apollo on the unitranche financing and RBC and Morgan Stanley on the super senior revolving credit facilities.

Founded in 2005 and headquartered in Newcastle, UK, END. is a global multi-brand, digital-led retailer, featuring luxury and contemporary fashion and the best in sneakers and streetwear. The company partners with more than 500 designers and brands, and has developed a highly engaged and loyal customer base through its exclusive collaborations and its unique omni-channel offering, including its online platform, mobile apps and physical stores. END. is widely recognised for its focus on a high-quality consumer experience and its curated product selection. The company employs more than 650 people in the UK and ships to over 100 countries worldwide. In the year to 31 March 2020, END. generated revenues of £170m, of which 65% related to sales outside of the UK.

The Linklaters team was led by partner Chris Medley, associate Tarini Wettimuny and trainees Sophie Tofalides and Jon Tan.