Wellington boot maker Hunter has a new controlling shareholder after an undisclosed investment by private equity group Searchlight Capital Partners. Existing shareholders will retain a stake. Despite financial terms weren’t announced, Hunter Boot Limited, the UK manufacturer of the iconic Wellington boot, has announced a new controlling shareholder as it seeks to expand into
overseas markets. Searchlight Capital Partners, a US private equity outfit, has agreed to take a majority stake in Hunter early next year. The deal is the first for Searchlight, which was set up in 2010 and is believed to be oversubscribed for its initial $750 million (£482m) fund. The company was co-founded by three executives from KKR, CVC and Apollo. The footwear and accessories label delivered sales of £56m last year and is on track to make £80m in 2011. Read Full: Searchlight Capital Partners buys control stake in Hunter Boot - Fashion - news - Fashion News India, jobs, network, apparel, business
