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....
Venture capital firms originally invested in the company in 2011 and 2014 respectively
Fund manager Quaestus exits its stake in the Croatian business after an eight-year holding period
Proposed deal for the aluminium profiles manufacturer comes just two years after Advent's acquisition
Deal marks first investment by small-cap buyout fund Crescendo, which held a €42m first close this year