Matalan lenders pledge £100m of new investment after seizing control
Matalan’s lenders have taken over the ownership of Matalan after a prolonged corporate battle with former chair and co-founder John Hargreaves.
The fashion and homeware retailer announced on Monday, January 16, that it had been acquired by a group of investors led by Invesco, Man GLG, Napier Park and Tresidor.
In a deal that ended Hargreaves’ control over the firm, investors promised an additional £100m in new capital to be invested in the growth of the brand and an extension of debt maturities to 2027.
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