
BGF invests £3.75m in Oliver Sweeney
The Business Growth Fund (BGF) has invested £3.75m of growth capital in UK luxury shoe brand Oliver Sweeney.
The fresh capital will enable the company to invest in marketing and the development of a new licensing business.
Following completion of the deal, the business appointed Adam Leigh, formerly chief executive of media business The Communications Agency, as independent non-executive director.
Company
Headquartered in London and founded in 1989, Oliver Sweeney is primarily a producer of luxury men's shoes, but also makes clothing and accessories. The business, which was acquired by investment and advisory firm Amery Capital in 2009, has a factory in the Marche region of Italy.
Oliver Sweeney employs 60 staff across its six UK stores, e-commerce operations, administration and manufacturing teams.
People
Alistair Brew, an investment director at BGF, will take a seat on the board at Oliver Sweeney. Tim Cooper is CEO and cobbler-in-chief at Oliver Sweeney. Maurice Helfgott of Amery Capital is chairman of the company.
Advisers
Equity – Squire Patton Boggs (Legal).
Company – Berwin Leighton Paisner (Legal).
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