Mountain Warehouse under new ownership


Discount retailer of outdoor clothing and equipment Mountain
Warehouse has been sold by NBGI Private Equity in a £15
million tertiary buyout deal. The management team is acquiring a
majority stake in the business as part of a deal backed by Kcaj
LLP, the investment company of Arev UK LLP. The disposal of
Mountain Warehouse nets NBGI a return of six times the initial
investment. It originally invested £1.6 million in the
business in August 2002, backing the current managing director,
Mark Neale, in the buyout. At the time of NBGI’s investment
Mountain Warehouse operated 15 stores; it now has 33 sites in the
UK, two overseas and a “thriving” internet sales
portal.

Prior to the launch, Golden Jigsaw placed teasers on YouTube,
MySpace, Bebo and other social networking sites.

Share

Twitter Facebook LinkedIn WhatsApp

Related News


Sign up to receive our newsletter