Puma invests £2.35m in Le Col
Puma Private Equity has injected £2.35m into Le Col, a UK-based producer of cycling apparel.
The funding round includes the option to increase the investment to £3.5m.
Le Col will use the funds to undertake an international expansion strategy.
As part of the deal, Puma's managing director, Tommy O'Sullivan, will take a seat on the Le Col board of directors.
The brand raised £1m from crowdfunding in 2017.
Company
Le Col was established in 2011 by former professional cyclist Yanto Barker, and manufactures cycling apparel. The company is based in London with a factory in Treviso, Italy.
People
Puma Private Equity – Tommy O'Sullivan (managing director).
Le Col – Yanto Barker (founder).
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