Luminii provides CDD support to Growth Partner on their investment in Additional Lengths
Luminii are delighted to have provided Commercial Due Diligence (CDD) support to Growth Partner on their investment in Additional Lengths, a Stockton-based hair extensions products company.
Additional Lengths was founded by Victoria Lynch in 2003 and now sells a range of hair extensions, alongside accessories, styling tools and aftercare products. Over the last five years, the business has achieved significant growth with sales surging from £5m to more than £18m. Additional Lengths also relocated to a larger distribution centre and headquarters to meet growing demand and accommodate new staff.
The business is now in the process of opening a new flagship site in Stockton at the start of 2023, which will update the existing offering and bring together a specialist hair extension salon, retail store and professional training centre for qualified hairdressers.
The investment from Growth Partner, which is backed by HomeServe founder and chief executive Richard Harpin, will support the acceleration of strategic opportunities for the business to expand the team, grow internationally and launch new products.
"Luminii are delighted to have supported Growth Partner on this transaction. This is yet another deal that helps to further strengthen our credentials in the Consumer and Retail sectors, having worked on several deals in this space recently. We wish Growth Partner's and Additional Lengths's management team continued success for the future." - Lushani Kodituwakku, Managing Director, Luminii Consulting
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