Theo Fennell buys stake in company from private equity backer
The sale of private equity firm Endless’s stake in Theo Fennell has been completed with the luxury jeweller buying out his financial partner via TF Topco Limited.
The is a new investment vehicle financed by Fennell and his MD Neal Sussman. It marks the first time Fennell has had full control of his brand for 40 years. No purchase price was disclosed.
Fennell is one of very few British luxury jewellers to have a high profile on a global stage. The business was set up by him as far back as 1975 and is known for its intricate detailing and quirky design style.
Endless had invested heavily in the Chelsea-based business to position it for growth with a particular focus lately on boosting its online capabilities. A new CRM system and website launched last year.
The Businessdesk reported that it performed “robustly” throughout the pandemic period.
Endless partner James Wolley said that “the business has been through a successful operational and sales transformation and we believe the time is right for Theo to return to management’s ownership. We wish Theo and Neal the best of luck for the future”.
Meanwhile Fennell and Sussman thanked “terrific” Endless “for all their guidance and support over the last few years, which has helped create a business that is in better shape now than it has been for some time”.
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