Funds advised by Mayfair Equity Partners have backed the management buy out of Fox International, Europe’s largest privately owned fishing tackle company. The investment which vales Fox at £50 million gives Mayfair majority control of the business alongside Fox’s management team which is led by David Algar as CEO. Mayfair acquired its stake from Fox’s existing invdstor New Wave Partners which retains a significant minority shareholding. Based in Essex, Fox was founded by Clifford Fox in 1964 and sells over 3000 products in more than 30 countries.
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