Deal: Acquisition & Fundraise
Date: March 2017
Ironbridge Capital Partners LLP is delighted to announce the successful closing of an investment in the Savile Row brand Richard James. In a process led by Associate Partner Michael Pearce, a majority stake was taken a USA-based investor. The transaction involved two founders selling their shareholding plus an investment of new capital. Founder Sean Dixon will remain a minority shareholder and Managing Director of the business.
“We are really happy with our new partners, they are exceptionally strong in the USA, where we see our growth coming from, and we are excited about the potential for the future. It is particularly special to be taking on this new challenge in the year of our 25th anniversary”.
Sean Dixon Richard James Founder
Richard James plan to grow their USA business with multi-channel expansion planned for 2017/2018. In London, the Clifford St bespoke store will expand into a two floor luxury space that will embrace the luxury and private client side of the business.
The transaction represents the second major deal for Ironbridge in the past six months, following the successful closing of the investment in women’s brand AQAQ. The fashion and luxury goods division of Ironbridge, headed up by Pearce, is currently marketing opportunities in skincare brand Dr Russo and resortwear label Prism London.
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