Odyssey acquires a minority stake in FRANKiE4.

Odyssey Private Equity, a leading private equity investment firm acquires a minority stake in FRANKiE4, a leading Australian shoemaker, distributor, and retailer. Financial terms were not disclosed. The deal comes as Odyssey is in the final stages of negotiating a sale of Lorna Jane. Odyssey’s founders include three former directors at CHAMP Ventures. The dealmakers took a 40% stake in Lorna Jane in 2010. "We got to the stage where we wanted to entertain the idea of partnering up with a party that had the skills that [husband and co-owner] Alan and I didn't have to take FRANKiE4 to the next level. And Odyssey which has success with expanding portfolio companies such as Lorna Jane ticked all the boxes." Caroline McCulloch, FRANKiE4 Co-Founder.