Leading online retailer of technical clothing and equipment for water sports
Mobeus invested £5m into Wetsuit Outlet, one of Europe's leading online retailers of technical clothing and water sports equipment.
A 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.
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.
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.
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.
- Consumer Products
- Growth Capital
- July 2017
- Bob Henry