3i sells Republic to Change Capital

Republic, which currently operates 76 stores throughout the UK, offers aspirational and edgy brands such as G-star, Replay, Bench and Hooch as well as its own exclusive ranges.

3i invested £15m of equity and debt in February 2004 and has actively supported the company over the past 20 months. Though its network of contacts, 3i has introduced Richard Tonks as chairman and helped Republic strengthen its second tier management team.

Since 2004, Republic has performed very strongly, opening more than 35 new stores and almost doubling profits despite a difficult retail climate.

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• Topics
• Exits
• Consumer
• UK / Ireland