Searchlight Capital Partners has acquired a controlling stake in Hunter Boot Ltd. Existing shareholders will retain a stake. Financial terms weren’t announced. Hunter makes and supplies the well-known Hunter boots.
Hunter Boot Limited (“Hunter”), the owner of the iconic Hunter brand, is pleased to announce that Searchlight Capital Partners L.P. (“Searchlight”), through an affiliate company, is to become the new controlling shareholder in Hunter alongside the existing shareholders, who will retain a significant investment.
Commenting on the investment, Peter Mullen, Chairman of Hunter Boot Limited, said:
“Hunter is enjoying great success and the brand continues to go from strength to strength. This transaction and future support from Searchlight will help us to capitalise on the growing demand for Hunter-branded products as we look to increase our presence in existing markets and expand in new regions around the world. Furthermore, the partnership with Searchlight will provide us with the solid foundation we need to continue to drive growth throughout our business.”
Oliver Haarmann, Partner & Co-Founder, Searchlight Capital Partners L.P., said:
“Hunter is exactly the kind of high quality investment opportunity that we are looking for. Hunter is an iconic brand with excellent growth potential and we look forward to working with the company’s management to drive further growth from product line extensions and geographic expansion.”
Searchlight will provide valuable support to drive the expansion of the Hunter business into new markets and related products. Hunter products are currently sold in over 30 countries around the world. The well-loved Hunter boot has loyal followers ranging from royalty to festival goers, from fashionistas to farmers and country sports aficionados.