Piper sells Orlebar Brown to Chanel

Financial details of the transaction remain undisclosed, though a report by the Daily Telegraph last year said the company could be valued at up to £50m in a potential sale.

The deal brings to an end a five-year holding for the vendor, which was invested in Orlebar Brown via the £107m Piper V fund.

The company has expanded internationally since the GP's investment and now operates 24 own-brand boutiques across 11 countries. The business has increased its online sales by 228%, according to a statement.

Previous funding
Piper invested £8m to acquire a majority stake in Orlebar Brown in 2013.

Company
Founded in 2007, Orlebar Brown produces tailored swimwear and leisurewear for men. The business generates a turnover of £22m, according to the statement, and has a headcount of around 100.

People
Piper Private Equity – Libby Gibson (partner).
Orlebar Brown – Paul Donoghue (CEO).

Advisers
Company – Cavendish Corporate Finance (corporate finance).

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• Topics
• Exits
• UK / Ireland
• Consumer
• United Kingdom
• Piper Private Equity
• Trade sale