Key Capital Partners (KCP) has backed the buy-in management buy-out of fashion business Sabotage, in a £3.6 million deal, which includes development capital. 

Key Capital Partners (KCP) has backed the buy-in management buy-out of fashion business Sabotage, in a £3.6 million deal, which includes development capital.

Founded in the mid-1990s by Will Rigg, Worcester-based Sabotage, which trades as Fly53, supplies independent, online and multiple fashion retailers, such as House of Fraser and Scotts.

Will Rigg is joined by an MBI team comprising managing partner Simon Smith and finance director John Bailey. Smith and Bailey formerly held the same positions at rival fashion business Fullcircle. KCP partner Mike Fell also joins the board of Sabotage as a non-executive director and has appointed a KCP operating partner as interim chairman.

Fell said: “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.

“Sabotage is predicting 40 per cent growth in revenue for 2009, thanks largely to its plans to increase online sales through its own website and via other channels.”