Tushingham Sails Limited owns the world leading inflatable Stand Up Paddleboarding (“SUP”) brand Red Paddle Co. Red Paddle Co is the world’s only dedicated inflatable SUP brand, is sold in 55 countries and has an 18% global market share of inflatable boards. The company has an annual turnover in excess of £7m. Mobeus took a minority stake in the company to allow the business to maintain its leading position in an attractive and fast-growing niche in the watersports sector.
“We struck up a very professional relationship with BDO right from the start, and they introduced us to a high calibre of prospective investors… We have been extremely pleased with the manner and professionalism BDO conducted the whole deal… We wanted to try and understand the whole process clearly, their team was brilliant at this.”
Dave Hackford – Director, Tushingham Sails Limited