Americana
Sector |
Consumer |
|---|---|
Status |
Realised |
Deal Type |
Management Buy-out (MBO) |
Fashion and streetwear clothing, including Bench and Hooch brands, marketed throughout the UK, Northern Europe, and own retail chain of 11 stores.
After a £20m MBO backed by ISIS in 2003, Americana had increased its turnover from £25m to £80m and expanded into new markets by 2007. In March 2007 ISIS exited the investment when hg Capital funded a £190m secondary buyout.
"Our partnership with ISIS has been a fantastic success, taking Americana to new levels. We are now looking forward to another exciting phase in our growth."
David Brock, Chairman
Timeline:
2003 ISIS backs £20m buyout
2004/5 Refinancings
2007 Hg Capital fund secondary £190m buyout