Endless supports Theo Fennell MBO from administrators
Turnaround specialist Endless has invested in the management buyout of UK-based jeweller Theo Fennell from administrators.
Financial details of the transaction remain undisclosed, though Endless made the deal via its Enact fund, which typically makes equity investments of £2-5m.
The deal was led by the company's founder, who gave his name to the business after launching it in 1982.
Theo Fennell was taken private by a consortium of investors including Jon Moulton and EME Capital in August 2013 in a deal valued at around £3m, according to media reports at the time. It went into administration in May 2017, with BDO tasked with finding a prospective buyer for the firm.
Under its new ownership structure, the company said it will look to return to its core focus on jewellery and silverware, with a focus on making bespoke items.
Company
Founded in 1982 and headquartered in London, Theo Fennell designs, produces and sells high-end jewellery and silverware.
People
Endless – Garry Wilson (executive chairperson).
Theo Fennell – Theo Fennell (founder).
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