TowerBrook Capital Partners has made an investment in Phase Eight, the UK-based women’s wear retailer.
TowerBrook believes that Phase Eight has an exciting platform for growth over the years ahead and as the partner of choice will deploy its significant retail experience and international operations in assisting Phase Eight management in continuing to grow the business over the next few years.
Closing of the transaction is expected to take place later in February 2011.
Winston Ginsberg, Managing Director, TowerBrook, says: “We are delighted to be able to make a significant investment in Phase Eight. It is a leading retail clothing brand with a very well-established heritage. We believe that Phase Eight can achieve substantial additional growth through further leveraging its brand and expanding both its network of stores and its leading position with its department store partners.”
