The shareholders of the Dutch kids clothing brand Tumble ‘N Dry have sold their equity stake to Wijkermeer Investments.
From now on, Tumble N Dry, previously part of the Brand Retail Group, operates as a stand-alone business while Wijkermeer Investments is going to support the company in its new positioning. Despite the difficult market circumstances, Tumble ‘N Dry was able to double its revenue in the past four years and the collection has been expanded. Mainly online and abroad Wijkermeer sees interesting opportunities to further grow the brand.
Lindenaar & Co acted as advisor to Standard Investment, the main shareholder of Tumble ‘N Dry, during the entire sale process. The activities consisted amongst others of writing an information memorandum, preparing a financial-strategic business plan, structuring of the transaction, negotiating the Letter of Intent, coordination of the due diligence process, final negotiations and closing of the transaction.
Profile Tumble 'N Dry
Tumble ‘N Dry, established in 2007, is a Dutch kids fashion brand which designs cool, fresh, comfortable and affordable kids fashion clothes for active and cool kids in the age of 0-15 years. Tumble ‘N Dry is available in 8 own brand stores and 2 outlet stores in the Netherlands, the company’s own webstore and in over 1,000 dealers in the Netherlands and abroad.
Profile Standard Investment
Standard Investment is a Dutch, hands-on private equity fund that invests in medium-sized companies with growth- and improvement potential.
Profile Wijkermeer Investments
Wijkermeer Investments is originated by Delta Onroerend Goed and invests in medium-sized companies with a unique proposition, clear growth potential and management involvement.