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DLA Piper Advises Familia on Sale of Minority Stake to TJX

DLA Piper Advises Familia on Sale of Minority Stake to TJX

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DLA Piper has acted as lead tax advisor to several shareholders of Familia, Russia’s leading off-price apparel and home fashions retailer, on the USD 225 million sale of a 25% stake to the TJX Companies Inc.

According to DLA Piper "this investment gives TJX the opportunity to invest in Russia’s off-price apparel and home fashions retail market, which has significant potential for further growth."

Familia is an off-price apparel and home fashions retailer that operates over 275 stores in Russia. It was founded in 2000.

The DLA Piper team was led by Moscow Partner Igor Venediktov and Luxembourg Partner Jacques Wantz, assisted by New York Partner Drew Young and Associates Joy Cheng and Robin Theuns.

DLA Piper did not reply to our inquiry on the matter.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.