Investment Summary

Scottish Equity Partners and Highland Europe Invest In Matchesfashion

On November 12, 2012, growth capital firms Scottish Equity Partners and Highland Europe invested in e-commerce company Matchesfashion

Investment Highlights
  • This is Scottish Equity Partners’ 1st and Highland Europe’s 1st transaction in the E-Commerce sector.
  • This is Scottish Equity Partners’ 4th and Highland Europe’s 1st transaction in the United Kingdom.
Investment Fate
  • Matchesfashion was sold to a consortium of financial buyers in 2017.
  • Matchesfashion was sold to a publicly-traded strategic buyer in 2023 for 63M USD.

Investment Summary

Date 2012-11-12
Target Matchesfashion
Sector E-Commerce
Investor(s) Scottish Equity Partners
Highland Europe
Deal Type Growth Capital

Target

Matchesfashion

London, United Kingdom
Matchesfashion is a luxury online retailer, engaging with its customers online, in-store, via its app, and at its pioneering retail and broadcasting destination, 5 Carlos Place. It delivers to over 176 countries and offers 24/7 advice through its fashion concierge team MyStylist. Matchesfashion was founded in 1987 and is based in London, United Kingdom.

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Investor(S) 2

DESCRIPTION

Scottish Equity Partners is a growth capital firm focused on high-growth tech company invests in the UK and Ireland. The Firm looks to invest up to £25 million across a range of sectors, with a particular interest in enterprise software, consumer internet and tech-enabled service businesses. Scottish Equity seeks to build value by playing an active and supportive role in the growth and development of its portfolio companies. Scottish Equity Partners is based in London.


DEAL STATS #
Overall 4 of 36
Sector (E-Commerce) 1 of 4
Type (Growth Capital) 3 of 25
Country (United Kingdom) 4 of 28
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-29 Exco InTouch

Sawbridgeworth, United Kingdom

Exco InTouch Ltd. is a provider of mobile patient communication and management solutions for the pharmaceutical and healthcare sector.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-16 Smarter Grid Solutions

Glasgow, United Kingdom

Smarter Grid Solutions is an energy enterprise software company operating globally from bases in the UK and USA. Smarter Grid manages a substantial volume of DER assets for Energy Service Companies, Battery Fleet Operators, Distribution Utilities, Renewable Generation Operators, Municipal Authorities and Community Enterprises – our customers use our technology to interface DER to both markets and networks. Smarter Grid Solutions was established in 2008 and is based in Glasgow, United Kingdom.

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DESCRIPTION

Highland Europe is a growth capital investor focused on technology enabled companies addressing large market opportunities in internet, mobile and software. The Firm looks to commit €10 to €30 million in fast growth companies with at least €10 million in annual sales. The Firm will consider opportunities throughout Western Europe with global ambitions. Highland Europe was formed in 2012 and is headquartered in London.


DEAL STATS #
Overall 1 of 49
Sector (E-Commerce) 1 of 6
Type (Growth Capital) 1 of 11
Country (United Kingdom) 1 of 17
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-17 Outfittery

Berlin, Germany

Outfittery is an online personal shopping service for men. Outfittery was founded in 2012 and is based in Berlin, Germany.

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