Gerry Weber buys Hallhuber from Change Capital Partners-Reuters

(Reuters) – Germany’s Gerry Weber (GWIG.DE) said on Monday it had agreed to buy fashion group Hallhuber from private equity firm Change Capital Partners LLP, expanding into a market catering to women in their mid-twenties and above.

Hallhuber will start making a positive contribution to Gerry Weber’s operating profit and earnings per share in the financial year through the end of October 2015, Gerry Weber said in a statement.

The two parties agreed not to disclose the purchase price, it said, adding it would probably finance the takeover by raising long-term debt.