Wetsuit Outlet

Leading online retailer of technical clothing and equipment for water sports

www.wetsuitoutlet.co.uk

Mobeus invested £5m into Wetsuit Outlet, one of Europe's leading online retailers of technical clothing and water sports equipment.

THE BUSINESS

‚ÄčA fast-growing business, Wetsuit Outlet has delivered 30% revenue growth every year for the last three years. Wetsuit Outlet sells into over 160 countries, offering premium brands such as Musto, Gill, Billabong, Rip Curl, O'Neill, GUL and Red Paddle. It delivers high quality customer service, utilising a best-in-class software platform.

THE DEAL

Mobeus provided £5m of growth capital to support continued growth of this global specialist in the online retail of technical sports clothing and equipment. The funding was provided as a combined debt and equity package.

THE PLAN

Wetsuit Outlet plans to increase market share in Europe, expand into the US, and take its cutting-edge online platform into new verticals, by creating new brands in two other niche markets: equestrian and field sports.

THE PEOPLE

Bob Henry led the deal for Mobeus, supported by Matt Gordon-Smith, and will join the Board. Peter Davies, leading fashion retailer and chairman of Mint Velvet, has been appointed Chairman.

Information

Bob Henry
Sector:
Consumer Products
Type:
Growth Capital
Status:
Current
Date:
July 2017
Leader:
Bob Henry