International law firm Gowling WLG have advised client ReBOUND on a multimillion pound funding investment from equity capital investor BGF, boosting the company's expansion into new markets globally.
Following advisory from Gowling WLG's Corporate, Finance and Tax team, global returns management platform ReBOUND, used by online clothing retailers such as ASOS, Gymshark and Charles Tyrwhitt, received 'significant' investment from BGF to support international expansion and IP development.
Partnering with more than 100 domestic and global third-party carriers across 195 countries, ReBOUND provides retailers with an unrivalled depth of carrier coverage and consumers with a range of locally-known and trusted returns options.
Initially in the clothing retail sector, ReBOUND is now targeting expansion into homeware, technology and furniture. This latest deal will also be used to drive the company's growth into international markets, expanding upon an existing largescale UK and international customer base, into Asia markets following the announcement of the company's new Hong Kong office.
Gowling WLG Head of Enterprise Andrew Lawton Smith led on the investment, supported by Corporate Associate David Gellar and Principal Tax Associate Tom Rank. Commercial Partner Sally Mewies also advised on the company's trading and technology agreements.
Speaking following completion, Andy said: "We have advised ReBOUND and its founders for two years now, from when the business first seriously got under way. The most impressive quality the ReBOUND team possesses is their ability to translate their great ideas on how to add immediate and substantial value to retailers and logistics operators alike into fully functioning technology and an overlaying web of trading relationships - all around the world. This is but a waypoint in the ReBOUND journey and we are looking forward to continuing to support the growing team for the next, even more exciting, stage."
This latest advisory signals another success for Gowling WLG's 60-strong Corporate team and continues to build on the market-leading reputation of the firm's full-service Corporate offering in 2018.