assessor de Clearwater
Clearwater International has advised the shareholders of Wiggle Limited, the online sports clothing and equipment retailer, on an £11.5m ‘cash-out’ deal with Livingbridge and HSBC bank.
Wiggle’s founders will retain a controlling stake and will continue to manage the business.Established in 1999, www.wiggle.co.uk has become the online destination of choice for cycle enthusiasts seeking a wide range of accessories and clothing from the leading brands. The last couple of years have seen Wiggle apply the same formula to other sports categories including running, swimming, hiking and snow boarding. In the year to January 2006 Wiggle achieved sales of £12m having averaged annual growth of 65% over the last 3 years.