Marriott Harrison advised Mobeus Equity Partners on a VCT investment by funds managed by Mobeus into Wetsuit Outlet, one of Europe’s leading online retailers of technical clothing and equipment for water sports.
Wetsuit Outlet offers premium brands such as Gill, O’Neill and Rip Curl for sale worldwide at competitive prices. The investment by Mobeus will support Wetsuit Outlet’s fast-growing business and international expansion plans into the US, and help to broaden its product range into the equestrian and field sports markets.
Bob Henry, Partner at Mobeus commented: “We see the opportunity to build a global business, specialising in the online retail of technical sports clothing and equipment.”
Marriott Harrison corporate partner Jonathan Leigh-Hunt led the team, comprising corporate associates Fran Spooner, Lindsey Armstrong, Alex Lee and Harshna Patel, employment partner Katherine de Souza and associate Ed Belam, real estate associate Sam Swann and commercial consultant Eesheta Shah.