The iOutlet makes the right call with management buyout
The iOutlet
Established by Matt Green and Liam James in 2012, The iOutlet has developed into a multi-channel retailer of refurbished or pre-owned phones, tablets and laptops. With nearly 30 employees, it has a well-established range of online platforms attracting both retail and wholesale customers.
The funding provided by Santander has enabled the management team to secure a partial buyout from founders Liam James and Matt Green, who will continue to remain active in the business.
Santander have invested time in understanding our business model and financing needs to support our growth ambitions, and we look forward to working with them going forwards.
Director, The iOutlet
In addition, there is funding support to continue the growth and development of the business with expansion into larger premises, additional management resource and increased digital marketing support.
The iOutlet is an excellent business and a good fit for our investment strategy to support ambitious growth businesses.
We’ve been impressed with the business’ growth in recent years, and are delighted to be supporting them in their next phase of expansion.
The market demand for this sector is expected to increase over the next five years and our investment and support will help increase their market share and brand growth.
Growth Capital Director, Santander
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