Scottish Equity Partners completes investment in MatchesThursday, 20 September 2012
Scottish Equity Partners has just announced the
completion of a 12 million pounds “growth equity investment” in Matches Fashion. In a statement, Matches said the new funding will help to expand its online sales offering into key international markets as well as further investment in 14 existing London stores.
The investment was led by SEP partner Andrew Davison, who has joined the company’s board of directors. He said: “We are delighted to be the company’s first private equity backer and to have the opportunity to support such a talented team.
“Tom and Ruth Chapman have built Matches Fashion into a highly trusted and iconic brand, and are dedicated to offering their customers the highest quality retail experience.
“Our investment will enable the company to expand its online operations and cement its position as a leading global fashion business.”