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

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


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