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Announced

Completed

The Raine Group led a £145m round in Castore.

Financials

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Transaction Value£145m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

United Kingdom

Cross Border

Minority

Private Equity

sportswear

Clothing and Accessories

Private

Completed

Friendly

Single Bidder

Venture Capital

Synopsis

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The Raine Group, a boutique investment and merchant bank, led a £145m round in Castore, a premium performance sportswear brand and technology-enabled, end-to-end digital platform for global sports teams, with participation from Hanaco Ventures and Felix Capital. “We are delighted to have secured the backing of highly reputable equity partners that will add significant value to all aspects of Castore’s business model – our team relationships, our sportswear brand and our omni-channel retail operations. We are confident these are the right investors to take us to the next stage of our growth, who share our passion for high quality sports apparel, and, in addition to capital, will bring expertise and access to new markets,” Tom and Phil Beahon, Castore Founders.

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