International legal practice Osborne Clarke has advised Notonthehighstreet and its management team on the sale of the company to growth equity firm Great Hill Partners. Great Hill Partners will become the majority shareholder in the business, with existing investors Burda Principal Investments and Industry Ventures also remaining as shareholders.
Notonthehighstreet is the UK’s best-loved curated online marketplace for unique lifestyle products and thoughtful gifts. The news comes following a year of unprecedented growth for Notonthehighstreet, in which revenues rose more than 50%. During this time, the company, which supports thousands of the UK’s best independent artisans, designers and boutiques, grew its customer base by almost 1 million and added four times as many hand-picked small business Partners to the site than the prior year.
Kate Burns, General Counsel at Notonthehighstreet said: “Osborne Clarke were expert partners to notonthehighstreet throughout this process, providing a very professional service, and delivering complex, technical advice in a commercial and pragmatic way. What’s more, they were a delight to work with.”
The Osborne Clarke team was led by Corporate Partners Mathias Loertscher and Alistair Francis, with support from Senior Associate John Jarvis, Associate Director Seamus McKimm, Associate Alex Littlefield, Trainee Solicitor Eric Edwin from the Corporate team. Partner Michael Carter and Associate Natalie Paddock advised on options and Partner David Nisbet and Associate Director James Hamon advised on tax.
Osborne Clarke’s Corporate team is considered a go-to practice for many companies in the technology and retails sectors, working with established brands as well as market challengers. The team advises at every stage of company development across a wide range of corporate issues and is well placed to do so with complementary expertise in the commercial, regulatory and competition sectors.