December 2007: AB Diseño y Moda, a company owned by Capital Riesgo Madrid and Artesanos Camiseros, acquires a 55% stake in a company which owns the rights of the Miguel Palacio brand. The majority of the remaining shares are owned by Miguel Palacio himself.
Miguel Palacio began work in 1989, when he created the label Palacio & Lemoniez together with Fernando Lemoniez. Their collections were shown in the Cibeles Fashion Week from 1991 to 1998. In 1995, the designer moved to Paris, where he developed new concepts and an international style inspired by the prestigious French fashion industry. During these years he began commercial relationships with representatives in the U.S.A. (Barneys NY, Bergdorf Goodman), Japan, Hong-Kong and Kuwait. In 2000, the designer decided to continue his career “in solitaire”, under the label Miguel Palacio, and in 2007 decided to seek external funding to develop the brand in the retail arena.
Capital Riesgo Madrid continues investing in the apparel industry, where it is already present in other companies of the fashion industry such as Javier Larrainzar, Elio Berhanyer and Artesanos Camiseros. The objective of this last investment is to enhance and strengthen the growth that the Miguel Palacio brand has achieved in the recent years.
SOCIOS advises on the definition of the business plan, the design of the transaction, identification and selection of investors, negotiations and closing of the transaction.