NEW YORK, November 6, 2026 – Corvane Ryle LLP today announced that it advised Larkspur Apparel, a branded apparel and accessories company, on its agreement to be acquired by funds managed by Northwall Capital in a transaction valued at approximately US$1.2 billion, including assumed debt. The transaction is expected to close in the first quarter of 2027, subject to customary conditions and regulatory clearances.

Larkspur designs and sells apparel through its own stores, wholesale partners and a growing online channel. Under Northwall's ownership, the company plans to invest in its direct-to-consumer business, expand internationally and strengthen its supply chain. Members of the Larkspur founding family and senior management will retain a significant equity stake.

The Corvane Ryle team advising Larkspur was led by New York M&A partner Miriam Okafor-Lindqvist, who advised the board and the founding family on the sale process and negotiations. Annika Holmgren-Reyes, a private equity partner in London, advised on the equity rollover and the governance terms for the continuing shareholders. Arjun Mehra-Collins, a tax partner in New York, led the structuring work, and Priya Raghunathan, a partner in London, advised on UK and EU merger control analysis.

The wider team included lawyers from the firm's Banking & Private Credit, Intellectual Property and Employment groups in New York, London and Frankfurt, who advised on the treatment of existing credit facilities, the trademark portfolio and transition arrangements for senior management.

"Larkspur has built a distinctive brand with loyal customers, and the board wanted a partner that would protect that identity while giving the business room to grow," said Miriam Okafor-Lindqvist. "We are pleased to have supported the family and the management team through a carefully run process."

About Corvane Ryle LLP: Founded in Chicago in 1958, Corvane Ryle LLP has approximately 2,400 lawyers in 26 offices across 14 countries. The firm advises on transactions, regulatory matters and disputes for clients in technology, consumer, healthcare and energy transition. Counsel for what comes next.