Typically investing between £3 million-£15 million in any single company, Risk Capital Partners is chaired by self-confessed Zoggs fan Luke Johnson.
Mark Hammersley, CEO of Zoggs Group, says: “The management team at Zoggs was very impressed by the branded investments made to date by RCP and are looking forward to working with Luke Johnson and the team at RCP to continue the fantastic growth the Zoggs brand has experienced in recent years.’’
The acquisition is the first investment Risk Capital Partners has made in the sporting goods market.
Established in 2001, the company currently owns Bread Holdings (owner of Gail’s bakeries), restaurant group Red Hot World Buffet and had success with previous investments Giraffe, Signature Restaurants and Strada.
It also invests in the travel industry, with current investments in Neilson, the active holiday tour operator, and Cruise.co, the online travel agent for cruise holidays.
Luke Johnson says: “Swimming is a life skill and a great way to exercise and unwind.
“I am a regular swimmer and a big fan of Zoggs’ products, as is my whole family.
“Zoggs offers products for beginners through to enthusiasts and the whole family.
“We see sustained long-term growth in the global swimming market, supported by favourable demographics for this low impact exercise and shifting cultural attitudes to swimming across the Far East and Middle East.”
