Bridges invests in Nkuku
Advised by both our Corporate Finance Advisory and Financial Due Diligence teams, Bridges successfully completed its investment in Nkuku, the fast growing ethical home and lifestyle brand, in March 2021. Bridges' ambition for Nkuku, founded in 2003 by Alistair and Alex Cooke, is not only to continue the rapid growth of the business across multiple channels, but also build a best-in-class ESG champion in the homewares sector.
Carlyle Group invests in End Clothing
Founded in 2005, Newcastle-based End Clothing partners with 500 designers and brands, employing 650 staff in the UK, and ships to 100 countries worldwide. In 2020, it generated revenues of £170 million and earnings before interest, taxes, depreciation, and amortisation (EBITDA) of £33 million. The deal with Carlyle Group was rumoured to be worth around £700m. Its founders, Christiaan Ashworth and John Parker, retain a significant minority stake, with a full exit for Index Ventures.
Great Hill Partners LLC invests in notonthehighstreet.com
In a deal rumoured to be worth around £150 million, Great Hill Partners have purchased a majority stake in notonthehighstreet.com. This created exits for several venture capital (VC) backers, including a second one for Index Ventures.