Founded in 1979, Phase Eight has carved a niche in the UK retail market, designing and retailing occasionwear, smart daywear and accessories with a focus on high quality, original fabrics and finishing.
During the investment period, Phase Eight opened 13 stores and 46 concessions. Together with continuing like-for-like growth, this has led to a significant uplift in profitability.
Equistone sold its stake in Phase Eight to an investor consortium in a deal which valued the company at £51.5m. Over the two-year period of its investment, Equistone achieved a 2.4 times money multiple.