ACON Investment acquires True Religion

On January 7, 2025, ACON Investments, LLC (ACON) announced the acquisition of a controlling stake in True Religion (True Religion).

ACON Investments, LLC is a private-equity investment firm managing firms and partnerships that make investments in the United States, Latin America, and Europe.

True Religion is a lifestyle, apparel and accessories brand based in California.

McCarthy Tétrault LLP advised ACON Investments, LLC with a team led by Shevaun McGrath that included Ivor Selimovic (M&A), Justin Lapedus and Rebecca Scott (Financial Services), Patrick Pengelly and Andrew Weizman (Labour and Employment), and Julia Miller (Benefits).