Rolling Luggage is a specialist airport retailer with presence in 37 locations globally, including locations at Heathrow, Frankfurt, Sydney and Hong Kong.
The successful turnaround by Rcapital, which included securing a long-term extension to its stores at London’s Heathrow Airport, ensured Rolling Luggage was an attractive proposition to global players such as Samsonite.
The confidential sale process, which attracted a number of interested parties, allowed our advisory team to ensure the best possible result was achieved for the shareholders of the business.
The transaction involved a number of complex structuring and tax issues which our transactional tax team provided significant input into, ensuring the transaction proceeded on acceptable terms to all parties.
In addition, there were a number of complexities to this cross-border deal, allowing us to demonstrate a truly global one firm approach.
The deal with Samsonite will allow Rolling Luggage to continue to build on its recent success and further accelerate its growth.
The Grant Thornton Corporate Finance team worked with ourselves and the management team at Rolling Luggage throughout the sales process and together we have achieved an excellent result for all stakeholders of the business.
Jamie Constable CEO, Rcapital Partners LLP
