Investec Growth & Acquisition Finance has provided GBP21 million in funding in the form of senior term loans and working capital facilities, for Mayfair Equity Partners’ second deal, the acquisition of Europe’s biggest supplier of fishing equipment, Fox International.
Stephen White (pictured), who led the funding team at Investec, says the deal strengthens an existing successful relationship with Mayfair, a new fund raised by the former London LDC team led by Daniel Sasaki.
“We have worked with the Mayfair partners previously and are pleased to back them as they build their new portfolio. The team has an exceptional track record of success in their previous investments,” he says. “Fox is a leading fishing brand and we are excited to be backing a strong management team and look forward to seeing the company enter a new phase of growth with Mayfair.”
Kunal Dasgupta, Partner at Mayfair, says “We are relationship-oriented in our approach, which is very much a philosophy we share with Investec whose team has supported us strongly over the years. Investec are able to move quickly and are responsive to client requests and we look forward to working with them on other opportunities in the future.”
