ISIS Equity Partners has acquired a 25 percent stake in outdoor clothing retailer Crew Clothing Co., in a £7.75 million (€12 million; $15 million) fund raising.
Wragge & Co gave legal advice to ISIS. Lloyds TSB Corporate provided the debt facilities.
Alastair Parker-Swift founded Crew Clothing Co. as a single retail site in 1993. It currently makes EBITDA of £1.8 million on sales of £13.5 million from 34 retail outlets.
Last month Altor, a Nordic buyout firm, agreed to buy Helly Hensen, a supplier of technical clothing and footwear, from Investcorp, a Bahrain-based merchant bank.
ISIS Equity Partners has £525 million funds under management and a target deal size of between £5 million and £75 million.