YFM Equity Partners and 3i have sold Go Outdoors, a UK retailer of equipment and clothing for camping and leisure, to trade buyer JD Sports Fashion in a deal giving the business an enterprise value of £128.3m.
YFM, which in 2011 partially realised its stake to 3i via a replacement capital and expansion deal, has generated a total return of £23m. The figure represents 40x its original investment in the company....
Deal marks the second bolt-on for the business, following the acquisition of Swiss diagnostic imaging provider IRD
Deal marks the second investment made from the GP's 2016-vintage sixth vehicle, which closed on £660m
Acquisition is the company's first out of two planned for this year with ActoMezz's backing
Total commitments for the fund fell some way short of the vehicle's €350m target and €400m hard-cap