KCP invests £7m in Darts Corner

KCP makes equity investment of £3-15m from its current fund, Key Capital Partners 8, which held a final close on £65m in November 2016. The fund was 89% deployed as of September 2020.

The deal sees KCP acquire a significant minority stake in the business. CEO Wayne Taylor will remain in his current role alongside other members of the management team, such as international sales manager Howard Miller and senior product manager Steve Reed. KCP managing partner James Hall, who led the investment alongside investment director Matt Tice, will also join the company's board.

The firm had been tracking the company for two years prior to investment, according to a statement. Darts Corner has recently invested in new products and premises, and is launching a new website and stock management system.

Company
Darts Corner was founded in 2007 by current shareholder and CEO Wayne Taylor. The company is a provider of darts and darts accessories, which it sells online from its headquarters in Bolton. It employs 50 staff.

People
Key Capital Partners – James Hall (managing partner); Matt Tice (investment director).

Advisers
Equity – Addleshaw Goddard (legal); RSM (financial due diligence); Fairgrove Partners (commercial due diligence); GB3 (IT due diligence).
Management – Rock Advisory, Jonathan Rourke (corporate finance); Primas (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• Addleshaw Goddard
• RSM Global