Palamon invests in Dress-for-Less

Palamon Capital Partners, a European mid-market private equity firm, has acquired Dress-for-Less, a German online designer fashion outlet.

Terms of the transaction were not disclosed. Debt was provided by Germany’s DZ Bank Palamon was advised by PricewaterhouseCoopers, Wilkie Farr & Gallagher and Roland Berger Strategy Consultants. The auction was run by Altium Capital.

Founded in 1999, Dress-for-Less operates several full-price online shops for fashion brands and in addition sells end of season designer apparel items. The business offers a range of more than 4,000 items and has grown in excess of 30% per year since launch.