Raidlight is planning to raise €500,000 in new equity by bringing in some of its suppliers, clients and end customers as new shareholders with a combined stake of 12 percent. Benoit Laval, the trail-runner who set up the French outdoor company in 1999, currently owns 42 percent of the shares. The managing director, Vincent Thinaudat, has a 24 percent interest. The funds would be used to help Raidlight double in size over the next three to four years, notably by completing its diversification into footwear, relaunching the Vertical brand and setting up new trail-running stations. It has been growing lately at an annual rate of between 20 and 30 percent, reaching a level of €3.6 million in 2012.
Related articles
-
ArticleSnowleader raises €15 million
Thomas Roualt, founder and CEO, has announced on his LinkedIn page that Snowleader has raised €15 million in a fourth round of financing in 15 years (the company turned 15 years old last year). According to Fusacq and others, half of the funds stem from equity capital and half from ...
-
ArticleNew CFO for Kent Outdoors, secures $100m credit facility, plans sale of bike business
US group Kent Outdoors, which comprises 15 outdoor and action sports brands, including HO/Hyperlite, Connelly, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac and Bote, has appointed Rob Otto to the company’s leadership team as Chief Financial Officer. Otto joined Kent after successfully completing the sale of RW Designs, a wholesale and direct ...
-
OpinionCorporate social responsibility - could this be a way to reduce staff fluctuation?
There has been a culture change towards employment in my lifetime: no longer are workers expecting jobs for life. The change has already happened but is sparking something greater with those affected. My graduating students realize they need work skills and know that a period of attachment with a brand ...