Mike Fell, KCP partner, has joined the board of Sabotage as a non-executive director. He says: ‘Despite the economic downturn and the resulting impact on discretionary spending, men’s fashion continues to experience strong growth, particularly in the area of branded streetwear.’
KCP manages a fund of £100 million. This is its second deal of the year. The investment in Sabotage also includes an element of development capital.
Alongside the investment from KCP, Sabotage’s existing majority shareholders, Harvey Jacobson and the Jacobson family, have also rolled over their exit proceeds from the business in order to continue to support the management team’s business plan.
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Fashion Sector