Mountain Warehouse

Inflexion provided £45m to UK outdoor clothing and equipment retailer Mountain Warehouse in July 2018 to help it further grow its business domestically and overseas. The July 2018 Partnership Capital deal saw Inflexion acquire a near 20% stake in the business.

  • Sector


  • Headquarters

    London, UK

  • Fund

    Partnership Capital

  • Investment date

    July 2018

  • Status


The company

Since its establishment in 1997 as a single store, Mountain Warehouse has grown into a multi-channel business employing more than 3,000 people in nine countries. The group has grown to over 220 UK stores with a further 80 in the international markets of Poland, Canada, Holland, Germany, Ireland, Austria, New Zealand and the US.

The business saw its sales climb over 20% to a record £225m in the 12 months to February 25th 2018, marking 21 years of unbroken revenue growth. The company will continue to grow its share of the £14bn European market for outdoor clothing and equipment and develop its digital sales channels.

The Inflexion difference

Inflexion’s Partnership Capital investment enabled management to retain control of the business whilst benefiting from a partner with the right experience to help them to continue to grow the business. We are working with management to expand further in the UK and oversees, and reviewing its digital capabilities with a view to enhancing its online presence.

Press releases