XXL RESULT FOR PROJECT LABEL

Pete Meadows,Friday,21 March,2014

Convex team, Mike Driver, Tim Marlow and Gareth Lewis originated, structured and led a deal to sell Mainline Menswear to a UK based large corporate. Senior VP Warren Meggitt and Head Analyst David Kandola were influential in the origination of the transaction and identification of the buyer. The Convex team worked with Mainline to present the Company to a select number of strategic UK and International buyers, achieving an exceptional valuation and leading negotiations in a highly selective and confidential way.  Mainline Menswear is the largest independent online men’s designer clothes operator retailing designer brands including Belstaff, Ralph Lauren and Armani. Convex’s immersive knowledge of online retail, combined with a discreet, highly targeted potential purchaser targeting process resulted in a very attractive multiple for our client. The deal was delivered in a highly efficient manner, ensuring maximum value creation.