Founded with one store in Swindon in 1997, Mountain Warehouse has now grown to over 100 stores across the UK.
In 2010, LDC acquired a significant minority shareholding of Mountain Warehouse as part of a £47million buy-out.
The business grew strongly over the three years of LDC’s investment despite a challenging economic consumer environment. Turnover grew from £47.5million (2010) to £75.6million (2013). The retailer also opened 60 stores and created over 500 jobs.
In 2013, the management team of the business (along with Bank of Scotland and Alcentra) completed an £85million acquisition which provided an exit for LDC and delivered a strong return.
We have had fantastic support from LDC in helping us expand the business despite tough market conditions. Having had four private equity investors over the last 16 years, we have now taken the opportunity to buy back full control and to push ahead with our exciting expansion plans. I am delighted that RBS and Alcentra are backing the team for this important next phase of growth.CEO, Mountain Warehouse