The investment from Inverleith LLP will see the company expand the distribution of its specialist fast-paced mountain sports products both in the UK and internationally, with a sharpened focus on product development in this rapidly growing market.

Montane has £13m+ annual turnover.

Inverleith LLP invests into consumer brand companies within the health and wellbeing, lifestyle and heritage sectors. It specialises in internationalising and commercialising brands, helping them to realise their full potential.

Jake Doxat, Montane’s managing director, said: “I am delighted to have secured Inverleith LLP as the majority investor into Montane. After over two decades at the helm, it is time to hand over the reins of Montane to a passionate new owner who recognises the strength of Montane’s differentiated position, who shares the company’s values and beliefs and who has the consumer and commercial expertise to help steer the company to its next level of growth.

“I am confident that Montane will continue its positive momentum under its new and complementary majority shareholder. I look forward to continuing to contribute to Montane’s growth as a board director.”

Following the majority sale to Inverleith LLP, after a period of transition, Mr Doxat will step back from the day-to-day management of the company, whilst remaining a minority shareholder, board director and focusing on a new role as a global brand ambassador for the company.

Paul Skipworth, Inverleith LLP managing partner, added: “I am delighted to see Montane join the Inverleith family of consumer brands. Consumers in this area are seeking brands with heritage, authenticity and credibility; brands that are both highly functional, yet also attractively designed.

“Montane fits these requirements as a company and brand that has been built steadily over the last 25 years and has become recognised and admired within this environment. We look forward to enabling an even wider audience to engage with Montane in the UK and internationally, helping them to fuel their passion for outdoor sports with a ‘Further. Faster.’ mindset.”

Montane’s shareholders were advised by KPMG Corporate Finance and the law firm OTB Eveling. Inverleith LLP’s legal adviser was Burges Salmon, tax and accounting adviser Johnston Carmichael and commercial due diligence was undertaken by Kin & Carta.