MATCHESFASHION announces £20m growth equity investment

The funding will enable Matches to further expand its rapidly growing online sales, with a focus on key International markets, while continuing to invest in its luxury bricks and mortar business.

Tom & Ruth Chapman, joint CEO’s of Matches said:

The investment was led by SEP partners Andrew Davison and Jan Rutherford and from Highland Europe by partner Sam Brooks. Andrew and Sam both now join the company’s board of directors.

Andrew Davidson, partner SEP commented:  “We are delighted to be the company’s first private equity backer and to have the opportunity to support such a talented team.   Tom and Ruth Chapman have built Matches Fashion into a highly trusted and iconic brand, and are dedicated to offering their customers the highest quality retail experience.  Our investment will enable the company to expand its online operations and cement its position as a leading global fashion business.”

Sam Brooks, partner Highland Europe said; “We are particularly impressed by the multi-channel, international shopping experience that Tom and Ruth and their world-class team have built in Matches Fashion. Their unique approach has resulted in exceptional growth with large international scale potential; we are thrilled to be partnering with Matches through our dedicated European growth fund.”