State of Art Menswear

State of Art Menswear, international men’s fashion brand and family business since 1936, has welcomed investment company Quadrum Capital and part of the management of State of Art as new owners.

The Westerman family has transferred the majority of its shares to Quadrum Capital. Quadrum Capital will manage the family business in the Dutch Achterhoek region together with the management, part of which has a participating interest. The Westerman family will continue its association with State of Art as a shareholder.

Westerman family: ‘We regard Quadrum Capital as a committed partner who respects our core values – and thus the culture of our company. The basic premise of our partnership is to use the strong foundation together with new knowledge and expertise to continue to build the future of State of Art.’

Arjan Hoop of Quadrum Capital: ‘State of Art is a wonderful brand with a rich history as a family business. We will build on this with respect and, together with the team, make the most of the chances and opportunities to develop State of Art further and enable it to continue to grow.’

Martijn Mateman, State of Art’s director of operations: ‘We are pleased to have Quadrum Capital as a new member of the State of Art family. With the knowledge, expertise and network of Quadrum Capital we will further professionalize our organization and continue, full of energy, to realize our ambitions as prominent international men’s fashion brand.

State of Art has 39 fully-owned shops in the Netherlands and Belgium and a further 800 sales outlets in other clothing shops. Last year it realized a turnover of €44 million and it currently employs 230 people.

Conseiller acted as legal adviser to Quadrum Capital.