Endless's Antler secures £8m refinancing

The new package is structured as an asset-based lending facility and comes 19 months after the GP backed the buyout of the company from LDC.

Under Endless's tenure, the company has appointed a new executive management team and invested in the development of new product lines and its e-commerce platform.

Endless is invested in Antler via its £525m vehicle Endless Fund IV.

Previous funding
Antler first came under private equity ownership in August 1999, when RBDC invested £20m in the £46m management buyout of the company.

Equistone acquired a majority stake in the business from RBDC five years later in a deal valued at £44m.

LDC acquired Antler for an undisclosed amount from Equistone in May 2010, before selling it to Endless seven years later.

Company
Headquartered in London and founded in 1866, Antler is a manufacturer and retailer of luggage. It manufactures under the Antler and Revelation brands.

People
Endless – Tom Jack (partner).
Antler – Mark Hall (executive chairperson).
Secure Trust Bank Commercial Finance – Will Airey (portfolio and structuring director).

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