Gymshark founder Ben Francis plots stake buyback from General Atlantic
Gymshark founder Ben Francis is in talks to buy back part of the stake sold to private equity firm General Atlantic, with the aim of tightening his control over the sportswear brand.
Francis is reportedly negotiating with the US investor over the size and valuation of a potential deal, and has also held talks with banks about financing.
General Atlantic invested £200m in Gymshark in 2020 in exchange for a 21 per cent stake, valuing the Solihull-based retailer at more than £1bn
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