M&A Advisory

Aztec Diamond

Advisers to fashion retailer, Aztec Diamond, on its management buyout.

The deal

We’re pleased to have supported Aztec Diamond, a leading clothing business in a management buyout which saw Founder, Jane McCabe, exit the business.

Aztec Diamond, established in 2014 and globally known for its equestrian wear for fashion-conscious women, identified a gap in the market and has since become a global leader in its field.

Multi-award-winning Jordan McCabe now owns Aztec Diamond outright, after buying her mother Jane out of the business, who has been part of the venture since its foundation in 2014 when Jordan was only 18.

Jordan McCabe, winner of awards including Lloyds Bank Entrepreneur of the Year and named on the esteemed Forbes 30 Under 30, is keen to push the growth of Aztec Diamond to the next level by widening its focus beyond the equestrian market.

Our Corporate Finance team led by Partner Abu Ali supported the transition and secured the financial backing for Jordan.

Abu Ali, Partner at FRP Corporate Finance, said: “Aztec Diamond is a brand recognised across the world for its fashion-forward equestrian designs for young women. As a result of the buyout, Jordan is keen to really maximise the potential of the business. Focusing more on mainstream sportswear in response to her customer demographic is a very exciting move and one which could see Aztec Diamond become an established name in even more of the international clothing market.

“We are delighted to have been able to support Jordan and can’t wait to see where the next chapter on her hugely successful journey takes her.”

Jordan McCabe, Owner of Aztec Diamond, said: “I have spent the last 10 years learning how to create the best calibre of sportswear, which I want more women to have access to, without being limited to equestrian. Aztec Diamond is a lifestyle, and so much more beyond equestrianism. That’s a big focus for us going forward.

“The team were a real pleasure to work with. They took the time to understand our business, offered expert advice and guidance and exceeded our expectations throughout the whole process. We look forward to working with them again as we progress our business strategy.”

Anthony Evans and Stephanie Brown from the corporate team at Muckle LLP, advised Jane on her exit.

Deal summary

Date:

June 2023

Sector:

Consumer & Retail

Deal type:

Management & leveraged buyout financing

Deal size:

Undisclosed

We are delighted to have been able to support Jordan and can’t wait to see where the next chapter on her hugely successful journey takes her. Abu Ali Corporate Finance

Related team

Abu Ali

Abu Ali

  • Partner
  • Corporate Finance
  • Newcastle Centre