Key Capital Partners backs Sabotage BIMBO

Cambridge-based private equity firm Key Capital Partners (KCP) has invested £3.6 million in the buy-in management buy-out of fashion business Sabotage.

Founded by Will Rigg, Worcester-based Sabotage trades as Fly53 and supplies independent, online and multiple fashion retailers. Rigg is joined by an MBI team comprising managing partner Simon Smith and FD John Bailey. KCP partner Mike Fell also joins the board of Sabotage as a non-executive director.

Pragma Consulting was appointed by KCP to provide due diligence on Fly53. The team was led by managing director Patrick Woodall and senior consultant Sophie Pearce.

Woodall said, “We undertook a rapid assessment of the Fly53 offer, encompassing the market, concept, business plan and key sensitivities for the company going forward. Our recommendations enabled Key Capital Partners to be confident about the future growth potential of the business.”

Other advisers include Harrison Clark and Cobbetts LLP.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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