Piper have successfully exited from its investment in Rohan, the UKs leading premium travel clothing business, selling its stake to the current Chairman, Colin Fisher. Piper achieved a 2X multiple on its investment.
During the period of its investment, Piper worked alongside management to make a number of changes to the brand including:
- Defining the brand’s positioning as the authoritative source for travel clothing
- Broadening the brand’s appeal by introducing new technical performance ranges such as shoes and business travel clothing
- Developing a strong mail order and internet presence in the market place to capitalise on a uniquely loyal customer base
- Strengthening the management team
Christopher Curry of Piper commented, “The Rohan business is operating in a tough market place but has a well-defined offering and therefore is in a strong position to continue growing its customer base and share of market. We wish the management team every success going forward.”