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I would say Permira is probably among the PE firms which have a good track record with fashion-related deals. From the top of my head can't think of another fund with comparable experience. I generally think high street fashion is a difficult PE investment due to seasonality/collection-risk. Obviously not a general rule and great brands can be more stable but something to consider.
Not seasonality in the sense of "in summer you can't sell umbrellas" but if you're a high fashion label with 4 collections per year (for all 4 seasons) and you miss the taste of your client base for one season, your sales can drop significantly and you miss your budget. If you have a few consecutive misses, the whole thing can turn worthless. So if you're Armani or D&G, there will likely still be enough people to buy your products but if you're a relatively new brand, things can turn sour fairly quickly - especially if you put an aggressive capital structure in place.
Do you work at a consumer/retail focused PE? Interested in learning more about the consumer/retail industries from both the sell-side and buy-side perspective.
Also Lion Capital. They have done deals in American Apparels, Jimmy Choo, All Saints etc.
L Capital (Europe and Asia). very fashion, retail etc oriented. They don't do real high fashion but more aspirational (at least in Asia).
Sycamore - not high fashion, but they've done Talbots, Hot Topic, Jones Group, and now trying to do Express.
Shocked nobody has mentioned LG. Leonard Green has David's Bridal, J Crew, Lucky Brand (great jeans). Granted they are probably stronger on the retail side, but in order to succeed, they need to have fashion sense or hookup with operators that do.
Not sure that you might call them fashion PE firms, but most consumer/retail oriented firms have some fashion/apparel investment(s). For example, Winona and TSG Consumer both have done these types of deals, but they're not solely focused in this space.
Lion Capital has a bigger than lifesize Lion in their Santa Monica office
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