Apax Partners has agreed to inject £40m of equity and £20m of additional debt into the online retailer of brands such as Gucci and Valentino, Sky News learns.
"Our trading performance has been very strong in recent months and we are well-positioned as a business, having significantly strengthened our top team.
This period also included Matchesfashion's biggest-ever trading day, which was up 35% on the prior year, the source added.Apax bought a controlling stake in Matchesfashion in a deal valued at about $1bn, but the investment has been beset by operational problems. Its fortunes resembled those of many online fashion retailers, which saw a COVID-inspired sales bounce evaporate.
Mr Beighton spent more than a decade at ASOS, initially as chief financial officer before becoming CEO in 2015.
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