Hogan Lovells has taken a lead role on a high-profile deal in the fashion industry which has seen exclusive shoe brand Jimmy Choo sold to a family-run holding company.

The value of the deal – which saw Labelux fight off competition from private equity group TPG Capital to secure the acquisition – has not been announced, but has been reported at more than £500m.

Hogan Lovells' team advising Labelux was led by City partner Frances Le Grys on the M&A side and on the finance side by London-based partner Stuart Brinkworth, who joined the firm last year in a lateral move from SJ Berwin.

London partner Louise Whitewright advised on arrangements relating to the management team, while additional advice was provided by Labelux client partner Antonio Di Pasquale and fellow Rome corporate partner Leah Dunlop.

Other firms to have taken roles on the deal include Kirkland & Ellis, which advised the seller, TowerBrook Capital Partners, while Travers Smith acted alongside New York's Vedder Price for Jimmy Choo founder and former Vogue editor Tamara Mellon.

The Travers team was headed up by London private equity partner Andrew Roberts, while London corporate partners Erik Dahl and Christian Iwasko led for Kirkland.

Fashion-specialist boutique Pearce, which is based in Paris and New York, was also instructed, acting for Jimmy Choo's management, while Germany's Oppenhoff & Partner advised Labelux on merger control.

Labelux is a privately held, Austria-based company which also owns luxury brands such as Bally and Derek Lam. The deal includes an agreement that Mellon and chief executive Joshua Schulman will continue to manage the company.