Buy-Out of iOutlet
James Green Ltd (which trades as The iOutlet) has been purchased by its management team, with funding from Santander Growth Capital. The iOutlet is one of the UK’s leading multi-channel retailers of refurbished and pre-owned technology, having sold close to £100m worth of products to date. The business has a well-established range of online platforms attracting both retail and wholesale customers.
Lewis Cox, Managing Director, said: “The founding shareholders have worked tremendously hard to develop The iOutlet into a leading multi-channel retailer of refurbished phones and we are excited at the opportunity we have been given to continue to grow the business they have created.”
Funding was provide by Santander Growth Capital. The management team were advised by White Jackman and the founders were advised by PKF Francis Clark and Foot Anstey. Isca Ventures provided transaction support services within the transaction.
Peter Abel, Santander Growth Capital director, said: “The iOutlet is an excellent business and is a good fit for our investment strategy of supporting ambitious growth businesses. We have been impressed with the achievements of the team in growing the business in recent years and are delighted to be supporting them for their next phase of expansion.”