Stuart Hennell Leads Investment in Subdial
Deal News | Dec 04, 2024 | Freeths LLP
In a significant development within the luxury watch market, Freeths LLP, a prominent national law firm, has advised Stuart Hennell, the founder of Watchfinder, on his lead investment in Subdial, a British second-hand luxury watch dealer. This investment is part of a £1.5 million funding round designed to bolster Subdial's technological capabilities and facilitate the opening of a new physical Clubhouse by early 2025. The transaction further emphasizes Hennell's commitment to supporting innovative ventures in the market. The Freeths team, led by corporate partner Malin Svanberg Larsson and managing associate Edward Chapman, played a crucial role in facilitating this strategic investment. Their collaboration is expected to foster substantial growth for Subdial, which aims to revolutionize the luxury watch market through advanced trading solutions and exceptional customer service. Freeths' involvement in this high-value investment underscores the firm's expertise in handling complex transactions and delivering premier legal services.
Sectors
- Luxury Goods
- Legal Services
- Investment Management
Geography
- United Kingdom – The UK is the primary geographical focus of the article, as both Subdial and Freeths LLP are based there, and the investment primarily concerns the UK market.
Industry
- Luxury Goods – This industry classification is relevant because Subdial operates within the luxury watch market, providing high-end products and services.
- Legal Services – Freeths LLP's involvement as a legal advisor indicates this industry classification due to their role in facilitating the transaction.
- Investment Management – The investment by Stuart Hennell and Active Partners into Subdial falls under this sector, focusing on strategic financial investments and funding.
Financials
- £1.5 million – Funding amount raised by Subdial in the current investment round.
- £4 million – Amount previously invested by Active Partners into Subdial in 2021.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stuart Hennell | Investor | Person | Founder of Watchfinder and lead investor in Subdial's funding round. |
| Subdial | Target Company | Company | A British second-hand luxury watch dealer aiming to revolutionize the market. |
| Freeths LLP | Legal Advisor | Company | A national law firm that provided legal services for the investment transaction. |
| Active Partners | Investor | Company | Invested £4 million into Subdial in 2021 and participated in the current funding round. |