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Mountain Warehouse sells stake

Mountain Warehouse has sold a minority stake to Inflexion Private Equity Partners.

The investment is being made by Inflexion’s specialist minority fund, Inflexion Partnership Capital.

The deal sees Inflexion invest approximately £45m for a stake of nearly 20%, giving Mountain Warehouse a value of £310m.

Mountain Warehouse will continue to be run by founder and CEO Mark Neale and his team.

Neale started the business in 1997. Today, the group has more than 220 stores across the UK and 80 abroad.

Neale said: “I am delighted to be teaming up with Inflexion. They truly understand our business and their investment will help turbo-charge our expansion plans, particularly overseas and online.

“It’s my firm belief that if you have the right products at the right price, in the right locations and provide great service people will keep shopping with you. It’s great that Inflexion share that belief and wants to help support the next phase of our growth.”

Simon Turner, managing partner at Inflexion, added: “We have known the management team for many years, having identified the business as one with an unrivalled brand in the outdoor market. Having followed the business for a decade, we understand how management envisage it growing, and look forward to assisting them with their growth in the UK and international markets, as well as with their digital offering.”

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