Private Equity Giant Apollo Takes Over End Clothing

  • End Clothing acquired by private equity giant Apollo
  • Apollo financed The Carlyle Group’s purchase of End Clothing in 2021
  • Co-founders Christiaan Ashworth and John Parker step back from the business
  • Investment to reduce debt and strengthen balance sheet
  • Focus on curating products, deepening connections, and enhancing operations

End Clothing has been acquired by private equity firm Apollo, three years after being purchased by The Carlyle Group. This move follows the finalization of an agreement to recapitalize the business and will help reduce debt while allowing the company to reinvest in its team and execute business plans. End Clothing’s EBITDA dropped 68% to £13m, but sales increased from £219m to £221.1m. Co-founders Christiaan Ashworth and John Parker have stepped back since the transaction.

Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about End Clothing being acquired by Apollo and the reasons behind it, including details on previous ownership and the impact on the business’s financial situation. It also includes quotes from the CEO, making it a factual and informative piece.
Noise Level: 4
Noise Justification: The article provides relevant information about End Clothing being acquired by Apollo and its impact on the business, but it lacks in-depth analysis or exploration of long-term trends or possibilities. It also does not offer significant actionable insights or new knowledge for readers.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the acquisition of End Clothing by private equity giant Apollo and its impact on the company’s debt, balance sheet, and future business plans. It also mentions the retailer’s financial performance with a decrease in EBITDA and an increase in sales. However, it does not directly mention any specific financial markets being impacted.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event in the text and it does not meet the criteria of happening in the last 48 hours.

Reported publicly: www.retailgazette.co.uk