DCK Concessions
As the UK's only major fashion jewellery and accessories concession retailer, DCK Concessions operates from high street fashion retail chains such as TopShop and Dorothy Perkins.
VALUE CREATION
The business grew significantly during the investment period, with profits nearly doubling from £4.4m to £8. The number of concessions has also grown by approximately 80% from c. 1,900 to 3,429 at exit.
THE EXIT
Equistone sold its stake in DCK Concessions to Bank of Scotland Integrated Finance. The secondary buyout deal was valued at £55m, generating an IRR of 50%.
[Equistone] has been an excellent partner for DCK Concessions over the last two years. The working relationship was first class; it was this constructive guidance that helped us develop the business into its current strong position.