Apparel business Desigual has handed over a 10% stake in the company to investment group Eurazeo in return for EUR285m (US$397m) in funding.

Eurazeo said it had secured the deal with Desigual founder Thomas Meyer and planned to support the company’s strategy to continue its expansion in Europe, as well as consolidating recent developments in the US, Latin America and Japan.

Desigual’s revenues have increased tenfold since 2007, with compound annual growth of 29% between 2009 and 2013, reaching EUR828m last year, up 18%, with an EBITDA margin of 29%.

At the end of 2013, the company had 405 stores in 109 countries, plus 2,500 concessions in department stores and a presence in more than 11,000 multi-brand retailers around the world.

Meanwhile, digital sales accounted for 10% of revenues.

“Global brands are a key investment sector for Eurazeo and Desigual is a top performer,” said Virginie Morgan, Eurazeo deputy CEO.

“As a partner, we will support [Meyer] and his management team in accelerating the international expansion of Desigual and establishing it as a world-class brand.”