Superdry in talks for £15m share sale
Alongside all this there has been persistent speculation that Dunkerton may make an offer to take the company private
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Superdry has confirmed that it is in talks to raise capital which, according to Sky News, could be worth around £15m.
Sky also discovered that the company could unveil a cash call as soon as next week after discussions with City investors.
This news follows the announcement last month that Superdry had struck a deal to raise £34m from the sale of its intellectual property assets in Asia-Pacific.
In a statement, Superdry said that Julian Dunkerton, the company’s founder and CEO, intends to significantly participate in the equity raise and provide a material underwriting commitment.
Earlier in the year the company hired Interpath Advisory to help address its cost base.
The company also announced that it had secured an amendment to its borrowing terms with Bantry Bay, which extended financing worth up to £80m to the retailer in December.
Alongside all this there has been persistent speculation that Dunkerton may make an offer to take the company private.
He stated in February that he had no intention of doing that, meaning he could not do it for six months from that statement without the consent of the Superdry board.
