Raising Acquisition Debt from Connection Capital to support Gorgeous Shop’s acquisition of competitor

BDO.LiveSite.Deals.IndustryRetail & Consumer & Technology & Media
BDO.LiveSite.Deals.SubIndustryConsumer & Retail
BDO.LiveSite.Deals.ClientNameGorgeous Shop Limited

Gorgeous Shop (“GSL”) is a third party distributor of high end hair care and beauty products.

GSL contracts with major brand owners for supply and typically enters into Selective Distribution Agreements which provide for continuity of supply and maintenance of retail pricing.

The funding allows GSL to acquire a direct competitor in LDLP Limited (Beautyflash) increasing their market share in terms of supplier contracts and customer base as well as giving them flexibility to consider future acquisitions.

The company was able to select from a wide variety of deliverable lender offers, sourced from private debt funds and acquisition debt providers.

“We are delighted to back Gorgeous Retail Group in the next stage of its growth plans and our thanks go to Adam and Paul and the rest of BDO’s Growth Advisory team, for bringing this opportunity to us and delivering a successful transaction for their clients in these disrupted times.”

Miles Otway, Partner, Connection Capital

It was a pleasure to work with the BDO team. From early on they understood the business and the opportunity.

Looking for funding in the midst of a global pandemic raised challenges, but with the knowledge and experience of the team they were able to steer us towards a number of opportunities in the market. With their help we were able to understand the differing options and they helped us negotiate the terms of the final deal.

At all times we felt that the BDO team were on ‘our side’ and I would not hesitate to consult them on the next steps of our growth.

Mark Frey, CEO, Gorgeous Shop Limited