Monica Vinader receives investment from Bridgepoint

Bridgepoint has announced that Bridgepoint Development Capital IV, has agreed to make a strategic investment in the luxury jewellery brand Monica Vinader.

As part of the transaction, Piper, one of the UK’s specialist investors in consumer brands, and Winona Capital, the US consumer specialist, will sell their stakes in Monica Vinader to Bridgepoint.

Financial terms of the transaction were not disclosed.

The company will continue to be led by Monica (CEO) and Gabriela Vinader (MD), who have a small ownership part in it.

Launched in 2008, Monica Vinader is an “award-winning” British demi-fine luxury jewellery brand, with sustainability and social responsibility at the forefront of its decision making.

Its products are sold in over 70 countries, complemented by 19 international stores, concessions and partner networks.

The company stated that it has achieved “strong growth” in recent years, driven by a “loyal” following of celebrities and social media influencers.

It also claimed that its overall sales have quadrupled to c. £100m since 2016 and the brand has established positions in further global markets including China and the US.

The latest strategic investment builds on Bridgepoint’s growing track record and expertise in supporting entrepreneurs and founders of premium consumer and digitally led businesses.

In 2016, Piper invested £14m as part of a £20m investment into the business, alongside Winona Capital, to help the brand accelerate direct to consumer sales and grow its US operations.

Vinader, CEO and founder, said: “We look forward to the next chapter of our journey and working with the team at Bridgepoint to continue to grow and develop the brand. We would like to thank the excellent team at Piper and Winona Capital for all their support and expertise, especially during this extended period of unprecedented global challenges. We are grateful for all their hard work and guidance in helping us develop into a truly global brand legend.”

Troy Harris-Speid, director at Bridgepoint Development Capital, added: “Over the past 15 years, Monica Vinader has built a hugely impressive international and purpose-led brand with a loyal customer base at its heart.
“We share the leadership team’s ambition to grow their global community through a digital-first approach, complimented by an own-store and partner network to reach customers however they shop. We look forward to partnering with the Monica Vinader team during its next stage of growth.”