Soho Square Capital invests in STRATHBERRY

Soho Square Capital acquired a significant minority stake in Strathberry, the Scottish luxury leather goods brand, in the first investment of its Soho Square Partnership Capital Fund II, at an enterprise value of , an EV/revenue multiple of on revenue of . It was Strathberry's second funding round, in which Soho Square took over from BGF as the company's institutional investor. Founders Guy and Leeanne Hundleby kept control and continued to run the business with managing director Martin Byrne, while David Steel, who led the deal for Soho Square with Joe Tebbutt and Alex Kustovskyi, joined the board. The new capital was to fund Strathberry's international expansion, particularly in North America, then its largest market, along with new store openings and further investment in the brand. Stifel advised Soho Square on corporate finance, with Grant Thornton on tax structuring and Hogan Lovells Cadwalader on legal matters. Arrowpoint Advisory, part of Rothschild & Co, advised Strathberry's shareholders, with Burness Paull as legal counsel, supported by Strategy& and KPMG.