Private equity investments up to £100m

What we're looking for: Our Private Equity Investment Thesis

We invest across the retail, consumer and technology ecosystem including B2C, B2B and B2B2C. But investment is only one part of what we do for them. We nurture the businesses that we believe in, giving them everything from access to emerging technologies, to extraordinary collaboration opportunities from across our network to share best practice and create new ideas.

We are investing from our third fund of £275m which we raised in 2021.

We partner with businesses that fit the following profile:

  • Retail, consumer, leisure, and technology businesses
  • B2C, B2B and B2B2C
  • Target equity investment of £10m to £50m with flexibility up to £100m+
  • Majority and influential minority stakes
  • Focus on profitable businesses but open to situations where fundamentally strong businesses are experiencing short-term challenges and may need balance sheet repair or operational improvements.
  • International scope with focus on UK and Western & Northern Europe

Will and I are delighted to have found an investment partner that slots in so naturally to our company. The team at True seemed to get us and the Sneak brand straight away. They place people and culture at the top of the priority list, which was highly important to us and overall, they seem very different, and more human, to how we’d imagined private equity investors to be.

Sneak Co-founder Jonny Teeling

True has been an incredible partner, providing invaluable support through both challenges and opportunities since investing in the Cotswold Company in 2016. They understand that building a brilliant brand takes time. What sets True apart is their extensive network and connections in the consumer and retail industries. This has really helped the business grow with the implementation of new tech & the introduction of new talent. Their reach has opened doors to resources and partnerships, propelling further growth in an ever-changing market.

Ralph Tucker, CEO Cotswold Company

True are highly engaged. They get what we represent — our goals, values and desire to bring fitness into more people’s lives. They genuinely live and breathe our brand in the boardroom and outside. I definitely feel like they dedicate a lot of time to our business success, every day.

Eric Min, Co-founder & CEO Zwift

True Investment stories

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True Partners with Apparel Brands Limited, Accelerating Growth in the Branded Apparel Market

We are pleased to announce our strategic investment in Apparel Brands Limited (ABL), a UK-headquartered business specialising in the sourcing, design and distribution of Branded apparel and accessories to third parties and through its network of directly operated websites, as well as the licensing and development of branded apparel through its intellectual property portfolio.

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