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Browne Jacobson advises on sale of Gill Marine Holdings Limited

19 December 2018

The corporate finance team at Browne Jacobson’s Nottingham office has advised the selling shareholders on the sale of Gill Marine Holdings Limited to the Myers family office, working in conjunction with Pop Capital, for an undisclosed consideration.

Gill, which is headquartered in Long Eaton, Nottingham, was established in 1975 and is a global designer and manufacturer of marine clothing, footwear and accessories. In 2013, the company won the Queen’s Award for Enterprise.

YFM Equity Partners acquired a majority stake in Gill Marine Holdings Limited, the company behind the global marine apparel brand Gill, for £9m in 2013 after backing a management buyout of the company.

New York based Pop Capital is a private equity firm that specialises in investing in luxury brands with a turnover of up to £40m. Its portfolio includes men’s outfitters New and Lingwood.

Ian Waterfield, Partner at YFM said: “It has been a real privilege to work with the outstanding Gill management team, supported by Chairman Steve Richards. Gill is a fantastic brand and we are sure that the new owners of the business will help drive even further growth.”

The Browne Jacobson team comprised Richard Medd and Sam Sharp.

Richard Medd, corporate finance partner, said:

“We have a strong track record advising on brand disposals in the mid-market space. This deal was an excellent opportunity for us to demonstrate these credentials and we are delighted to have advised on this deal. We are confident that Gill will continue to thrive in the hands of its new owners and experienced management team.”

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