UK headquartered buyout firm Silverfleet Capital has made its first acquisition in France since completing a revamp of its operation there 18 months ago.

In a statement, Silverfleet said it had acquired a majority stake in womenswear wholesaler and retailer La Fée Maraboutée in a deal valued at €65m, with the company's founder, Jean-Pierre Braillard, and its joint-chief executives investing alongside the buyout firm.