“The team at KCP spoke our language. They structured the deal that allowed us to make the most of the market opportunities we had identified, and also encouraged us to think about our business in a way that we had not done before. Most importantly, they helped us to professionalise our approach and we now react to opportunities with far greater insight.”Andrew Wass, CEO | Gear4Music
Gear4music is an online retailer of musical instruments and equipment based in York. The business was founded by CEO Andrew Wass in 2003 with the support of two angel investors. At the time of KCP's investment in 2012 the company was making sales of c.£10 million.
KCP invested £3.4 million to buy-out the two angel investors and provide £1.5 million of development capital to the business. At the same time an option scheme was created to attract and retain additional senior management.
During our investment we:
In 2015, the growth profile of the Company merited further investment to support the push into Europe. KCP introduced the Company to a specialist AiM broker who assisted the Company in achieving an AiM IPO to fund an accelerated European roll-out and a partial realisation for KCP.