Freeths advises BGF on its investment in global returns business ReBound
Freeths LLP is delighted to announce that it has provided legal advice to BGF Investments LP on its significant investment in Telford-based global return business ReBound. ReBound returns management platform is used by online clothing retailers such as ASOS, Gymshark and Charles Tyrwhitt to assist with the management of their UK and international returns service, improving efficiency, traceability and customer experience.
Founded in 2015 by experienced logistics operators, CEO Graham Best and COO Phil Smith, the business has grown by 400% year-on-year and revenue will double in 2018. ReBOUND now has over 500 customers and manages 35 million returns transactions a year.
BGF’s Gurinder Sunner, who will join the board of ReBOUND, said: “Graham and Phil are highly experienced operators who built successful corporate careers in the logistics industry. They have used their experience, skills and network to launch their own company and recruit a first-class team around them. We are delighted to be supporting them as they move to the next stage of their growth.”
Freeths advisers Lee Clifford and Amy Harron supported by IT and Data specialist Mark Neale advised BGF on the transaction.
Aaron Baker comments: “We were very impressed with Lee and the wider Freeths team who delivered value-additive advice and solutions throughout the investment process, ultimately supporting an efficient and successful transaction in a very professional manner.”
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