- March 4, 2020
- Posted by: chrishough
- Category: Industry News, Member News
Montane, the UK outdoor clothing and accessories company founded over 25 years ago, has received investment from Edinburgh-based specialist consumer brand investor Inverleith LLP, which has secured a majority stake in the company.
Montane has established itself as the leading European specialist brand of lightweight, breathable outdoor clothing and equipment for fast-paced mountain sports. Established in 1993, Montane focuses on serving committed and highly active hillwalkers, mountaineers, climbers and trail runners. Its range has steadily expanded to encompass a broad range of outerwear, mid and base layers, legwear, backpacks and accessories for both men and women, with its products sold both in the UK and internationally.
It targets, specifically, the high-performance segments of the outdoor markets, with a focus on consumers who connect with Montane’s ‘Further. Faster.’ mantra.
Montane prides itself on the quality and innovation of its high-performance technical outdoor clothing and equipment. The company, based in Ashington in the North of England, enjoys endorsements from professionals within the fast-paced mountain sports environment, as well as being the British Mountaineering Council’s recommended clothing and pack partner. The company is also headline sponsor of a number of globally recognised events such as the Tor des Géants, The Montane Lakeland 100, The Montane Yukon Arctic Ultra and The Montane Spine Race, some of the most challenging and famous ultra events in the world.
The investment from Inverleith LLP will see the company expand the distribution of its specialist fast-paced mountain sports products both in the UK and internationally, with a sharpened focus on product development in this rapidly growing market.
Commenting on the Inverleith LLP investment and acquisition, Montane’s Managing Director Jake Doxat stated:
‘I am delighted to have secured Inverleith LLP as the majority investor into Montane. After over two decades at the helm, it is time to hand over the reins of Montane to a passionate new owner who recognises the strength of Montane’s differentiated position, who shares the company’s values and beliefs and who has the consumer and commercial expertise to help steer the company to its next level of growth. I am confident that Montane will continue its positive momentum under its new and complementary majority shareholder. I look forward to continuing to contribute to Montane’s growth as a Board Director.’
Following the majority sale to Inverleith LLP, after a period of transition, Doxat will step back from the day-to-day management of the company, whilst remaining a minority shareholder, Board Director and focusing on a new role as a global brand ambassador for the company.
Inverleith LLP Managing Partner, Paul Skipworth, said:
‘I am delighted to see Montane join the Inverleith family of consumer brands. Consumers in this area are seeking brands with heritage, authenticity and credibility; brands that are both highly functional, yet also attractively designed. Montane fits these requirements as a company and brand that has been built steadily over the last 25 years and has become recognised and admired within this environment. We look forward to enabling an even wider audience to engage with Montane in the UK and internationally, helping them to fuel their passion for outdoor sports with a ‘Further. Faster.’ mindset.’
About Inverleith LLP
Inverleith LLP invests into consumer brand companies within the health and wellbeing, lifestyle and heritage sectors. It specialises in internationalising and commercialising brands, helping them to realise their full potential. Its Partners are ex-Chairman and Chief Executive of Noble Group, Ben Thomson and ex-Chief Executive of The Glenmorangie Company and Partner L Capital (LVMH), Paul Skipworth.
Other Inverleith LLP portfolio investments through its Fund include majority stakes in ‘2019 Independent Bottler of the Year’ The Scotch Malt Whisky Society (SMWS), a premium single cask spirits club; Good Hemp, the UK’s leading producer of hemp-based food and drink products and ingredients; Planet Organic, the renowned London based health and wellness supermarket and food-to-go chain, and Montezuma’s, the UK’s leading premium artisan chocolate brand.
Montane’s shareholders were advised by KPMG Corporate Finance and the law firm OTB Eveling. Inverleith LLP’s legal adviser was Burges Salmon, tax and accounting adviser Johnston Carmichael and commercial due diligence was undertaken by Kin & Carta.