Entrepreneur Capital acquires control of apparel business Spencer
Canadian private equity firm Entrepreneur Capital has acquired a controlling interest in Spencer Supports Canada Ltd, a Montréal- and Stanstead, Québec-based operator of apparel brands HB Heller and GSL Creations. Terms weren't were released for the deal, which was done in partnership with President Markus Haug. HB Heller is a designer, maker and distributor of ladies intimates and swimwear. In 2013, it acquired GSL, a supplier of fashion clothing for ladies and teens. The platform deal is Entrepreneur's fifth of its type since 2013. Partner André La Forge said his firm will help Spencer grow organically and through acquisitions. Entrepreneur recently sold its majority stake in Voyages Traditours to Clearspring Capital Partners.
20 June 2019•3 mins read
