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Online retailer of technical clothing and equipment for water sports

Whether for beginners looking for an entry-level wetsuit or a semi-pro looking for the right gear to improve performance, Wetsuit Outlet sells a full range of technical clothing and equipment for water sports.

On its best-in-class software platform, customers find premium brands such as Musto, Gill, Billabong, Rip Curl, O’Neill, GUL and Red Paddle, backed up by high-quality customer service.

Investment rationale

We provided £5m of growth capital to support continued growth of this global specialist in the online retail of technical sports clothing and equipment. The funding was provided as a combined debt and equity package.

Wetsuit Outlet plans to increase market share in Europe, expand into the US, and take its cutting-edge online platform into new verticals, by creating new brands in two other niche markets: equestrian and field sports.

Investment team

Bob Henry

Portfolio Director

Bob’s focus is on maximising the potential of a number of portfolio companies. Historically he has specialized in construction, food manufacturing and sports equipment

I have the privilege of working with some exceptional teams in businesses with real potential and continue to learn from them.

Bob joined as part of our acquisition of the Mobeus VCT contracts. He joined the Mobeus VCT team in 1998 and was one of the Partners when they completed a management buyout from the Matrix Group in 2012.

Bob was previously at HSBC where he was Head of HSBC Ventures and prior to that spent time at County Bank.

He holds a BA (Hons) in Business Studies.

Outside work Bob enjoys long-distance walking, travel, gardening, modern literature, theatre, good restaurants and family time.

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