The management of fishing tackle company Fox International has secured a significant investment in the company led by Next Wave Partners and supported by Pricoa Capital Group.
Along with the senior management team, Cliff Fox will retain a substantial stake in the business and will remain involved in the future success and direction of the business.
The investment will allow Fox International to continue its innovation programme, upgrade and improve customer service and expand into new geographical markets.
Fox says: “I’m really delighted to be partnering with Next Wave Partners and I look forward to the next stage in the continuing success of the company.”
Jonathan Brod, managing partner of Next Wave Partners, says: “We are excited to be investing in Fox and look forward to supporting Cliff and his team in continuing to expand their high quality business. Our investment will enable Fox to capitalise on opportunities across Europe and will accelerate their already strong growth in new markets.”
Matthew Harvey, vice president of Pricoa Capital Group, says: “Fox is led by a strong and innovative management team who have established the Fox brand as a market leader. Coupled with Next Wave's investment and sponsorship, Fox is well placed to achieve its further growth ambitions and Pricoa is excited to support this growth.”
