Piper acquires Orlebar Brown
Consumer brands investor Piper has acquired a majority stake in luxury menswear clothing company Orlebar Brown.
The GP provided an £8m growth capital commitment to the company, invested from Piper V, which held a final close on £107m in 2011. The deal is the fourth completed through the vehicle.
The new owner intends to grow the company's product offering and expand its market share in the US. An increased focus will also be given to the firm's marketing activity.
The transaction was completed in six weeks. Existing investors Venrex, a private investment manager, and entrepreneur John Ayton will remain involved with the company.
Company
Founded in 2007, Orlebar Brown began as a beachwear brand for men. The company has since evolved its product offering to include a full range of holiday wear. The firm distributes to more than 38 countries and is present in stores including Selfridges, Harrods and Barneys. It has three standalone stores in Britain and sells to 105 countries via its e-commerce platform.
People
Peter Kemp-Welch worked on the deal for Piper.
Advisers
Equity - Bond Dickinson, Simon Hewes (Legal).
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