Matalan has secured an extra £25m in funding following its takeover in January.
Control of the Liverpool-headquartered fashion retailer was assumed by its lenders at the start of the year in a move that ended founder John Hargreaves’ relationship with the business.
The group, led by Invesco, Man GLG, Napier Park and Tresidor, sealed the process after Matalan launched a sales process in September.
