Tue, 01 Oct 2013 | MBO/MBI
Marine clothing seller Douglas Gill International Ltd has been sold in an MBO deal by founder Nick Gill.
Mr Gill has sold his controlling stake to YFM Equity Partners for an undisclosed amount thought to be in the region of millions of pounds.
Today the business is a leading international brand for technical marine clothing selling in 37 countries around the world to boating fans and sailors, and was founded in 1975 by Mr Gill, who is to remain on the board as a non-executive director after the sale, but will not have any involvement in the day-to-day management.
The Long Eaton-based business, known as Gill, will still be lead by MD John Deverill, alongside his core management team - sales director Bryan Stewart and product development manager Matt Clark.
Gill has stayed away from the high street, choosing to sell via other avenues, with the US as a main export market. It has 44 staff, a £12 million turnover, and its clothing is made abroad.
Mr Gill commented: “The business has never been in better shape and I felt the time was right to take a back seat and let the business continue with new energy. My passion for the business and the sport which has been my life will be as strong as ever.”
___________________________________________________________________________
Related information:
Coggles to expand through online growth
Nicole Farhi purchased out of administration
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.