UK law firm Shoosmiths has advised NVM Private Equity (NVM) on its recent investment of £2 million into Duke & Dexter (D&D), an award winning men’s footwear label.
Launched in 2014, D&D offers a range of high quality shoes, all manufactured by hand in the UK and has developed into a leading premium men’s shoe brand. It has collaborated with brands and personalities such as Tyson Beckford, Rolls Royce and in June this year, launched a collaboration with American rapper Snoop Dogg to create an exclusive line of 12 initial styles.
NVM’s investment will enable the D&D team to invest into key growth markets, build the team and drive further expansion globally.
Shoosmiths corporate partner Sanjeev Sharma led on the deal with assistance from corporate associate Adam Leszczynski.
Commenting on the deal, Sanjeev said:
“We were delighted to work with NVM again, helping them complete this exciting investment in Duke & Dexter. It’s great to see NVM’s commitment to supporting a British brand in the retail sector.”
Ishaan Chilkoti, Investment Manager at NVM added:
“We enjoyed working with Shoosmiths and benefitted from their legal retail sector expertise.”