Alteri Investors (Alteri), a specialist European retail sector investor, has made a significant investment in Missguided Limited, owner of the global fashion brand and digital retailer Missguided.
Alteri’s investment, comprising both debt and the acquisition of 50 per cent of the group’s equity, will provide the business with the liquidity and support it needs to overcome short-term supply chain challenges, as well as a platform to return the business to sustainable profitability.
The deal will see the current management boosted by the addition of an Executive Chairman with strong retail and turnaround experience. The Board will be further reinforced with the addition of two Directors from Alteri Investors.
The investment will be made from Alteri’s second investment vehicle, launched in August 2019, with the backing of funds managed by affiliates of Apollo Global Management, (NYSE: APO).
