DLA Piper advise SMG Capital on acquisition of luxury jeweler Fabergé

DLA Piper has advised SMG Capital on the acquisition of luxury jeweler Fabergé from Gemfields for a total consideration of USD50 million.

Fabergé is one of the world’s most renowned luxury brands with a celebrated history in artistry and craftsmanship. It was founded in 1842 in Saint Petersburg, Russia, by Gustav Fabergé, and transformed by Peter Carl Fabergé in 1882. The firm was renowned for designing elaborate, jewel-encrusted Fabergé eggs for Russian emperors, as well as a range of other high-quality, intricate objets d’art.

The DLA Piper team advising on the transaction was led by London-based Corporate Partner Alexander Kolmakov, who was supported by Senior Associates Hannah Theakston and Marcia Kidd and Associate Dana Drozina with Partner Matt Davies and Legal Director Gemma Grunewald advising on tax matters.

DLA Piper corporate partner, Alexander Kolmakov, commented: “It is a privilege to have advised Sergey Mosunov and SMG Capital on the acquisition of such an outstanding, historical and globally recognized brand. Fabergé has a unique heritage spanning across Russia, England, France and the USA. I have a similar background in terms of geography, so this deal was of particular personal interest. I can’t wait to see the next chapter of Fabergé’s history being written under Sergey’s leadership”.