International Dance Supplies
Advisers to wholesale dancewear provider, International Dance Supplies, on its growth capital funding from Santander.

The deal
We’re pleased to have supported International Dance Supplies (IDS), one of Europe’s largest wholesale dancewear providers, in securing growth capital funding from Santander to support further international expansion.
Employing 80 staff, the Devon-based business has benefited from strong demand for its dance supplies across Europe and is now targeting growth in new areas, particularly in the US. The funds will also support investment in brand, stock, systems and warehousing capability.
Our Corporate Finance team led by Partner Gary Partridge provided financial due diligence support to Santander as part of the bank’s review of historical financial performance and IDS’s future growth projections.
Kamlesh Raichura, Managing Director at IDS, said: “We have invested significantly in our proposition over the last few years, and believe we are well placed to continue our growth in both the UK and international markets and achieve our business objectives in the coming years.”
Peter Abel, Growth Capital Director at Santander, added: “We are delighted to have worked with the management team of IDS to support the business with its current trading and international growth ambitions.”

Deal summary
Date:
October 2017
Sector:
Consumer & Retail
Deal type:
Raising Capital
Deal size:
Undisclosed
Related team
