- Equip is a UK-based outdoor apparel manufacturer
- Gresham House-advised Mobeus VCTs initially invested in Equip in 2011
- Equip increased its turnover from £61m in the year to January 2021 to £97m in the year to January 2022
Gresham House Ventures announced it has sold its equity stake in outdoor apparel manufacturer Equip Outdoor Technologies, realising a 6.9x money multiple to date on its original £4.45 million investment.
Derbyshire, UK-based Equip is an outdoor apparel manufacturer founded in 1993. The company’s portfolio includes two technical outdoor brands; Rab, which it has owned since 2003, and Lowe Alpine, which it acquired in 2011.
Under Gresham House’s ownership, Equip increased its turnover from £61 million in the year to January 2021 to £97 million in the year to January 2022, while EBITDA grew from £10 million to over £18 million over the same period.
Gresham House-advised Mobeus VCTs initially invested in Equip in 2011 to support the business’ acquisition of Lowe Alpine.
“With Equip’s management team now looking to build the business in a new direction, our exit at this time represents a positive outcome for all parties and the additional funding now being injected into the business will ensure Equip is well supported on the next phase of its journey,” said Ed Wass, portfolio partner at Gresham House Ventures.
Gresham House Ventures, based in London, is the growth investment division of Gresham House.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
