Addleshaw Goddard's market leading Corporate team has advised Inflexion Private Equity Partners LLP on its minority investment in leading outdoor clothing and equipment retailer Mountain Warehouse.
The deal, led by Paul Medlicott, Lucie Alker and Josie Marsden supported by Justine Delroy, Chris Fox and Rosie Kight, will see Inflexion acquire a 20 per cent stake in the retailer in return for a £45m investment, giving Mountain Warehouse an enterprise value of £310m.
Mountain Warehouse is already a multi-channel business, with over 220 UK stores and 80 in the international markets, employing more than 3,000 people in nine countries. The retailer has defied recent high street trends to experience climbing sales to a record £225.3m in February 2018, marking 21 years of unbroken revenue growth.
Inflexion's investment will help the retailer to develop its digital sales channels and continue to grow its share of the £14bn European outdoor clothing and equipment market.
Paul Medlicott comments: "We are delighted to have supported Inflexion on this landmark transaction. Importantly, it also demonstrates the flexibility that private equity offers to business owners who don't want to sell their businesses in full and either want further funding for their business and / or to de-risk in part in an environment that is seller friendly. The Partnership Capital model is a great example of private equity adapting and positioning itself to support business owners."