Bridgepoint, Cornerstone back children's toys & apparel retailer
January 19, 2016
Bridgepoint has acquired Smyk from Empik Media & Fashion (WAR: EMF) in a €247 million transaction; Cornerstone Partners acquired a minority stake. Founded in 1952, Smyk is a retailer of children’s toys and apparel, operating 125 stores in Poland and a growing network across Europe. Bridgepoint’s investment comes from the firm’s Europe V fund, which closed on €4 billion last year. Pekao provided bank debt on the deal.