"It was refreshing to find a private equity firm stoked with enthusiasm and personality"
Tim Slade, Founder, Fat Face
Fat Face
Sector |
Consumer |
|---|---|
Status |
Realised |
Deal Type |
Replacement Capital |
Multi channel retail clothing chain selling own brand clothing, footwear and accessories. Began as source of funding for partners' skiing holidays.
ISIS bought a minority stake in 2000 for £3.5m and recruited a new chief executive and new finance director in 2003. In 2005, Fat Face was sold to private equity house, Advent International, having multiplied turnover eightfold during the investment period.
"It was refreshing to find a private equity firm stoked with enthusiasm and personality."
Tim Slade, Founding Partner
Timeline
2000 - Minority stake acquired
2003 - Management team recruited
2005 - Advent acquires Fat Face
