The investment fund Purple Bidco Limited has secured a majority stake in the British clothing retailer Seraphine Group Plc as part of its takeover bid submitted in January. The fund managed by the financial company Mayfair Equity Partners LLP now controls almost 78 percent of the shares in the takeover candidate through acquisitions or binding purchase agreements, the Seraphine Group announced on Wednesday.
At the same time, the British company, which specializes in maternity and nursing wear, announced that the new majority owner now wants to implement its plan to delist Seraphine from the stock exchange. The listing on the London Stock Exchange is therefore expected to end on April 6th. Seraphine only went public in the summer of 2021, but has since encountered economic difficulties due to supply chain problems and rising costs.