Barclays Ventures announced today that it has backed the management buy-out(MBO) of FILA EMEA (fila.com) (Europe, Middle East, Africa and Indian Sub Continent), and has entered into a perpetual license for Fila, the Italian sports lifestyle brand. The deal sees the creation of a vertically integrated entity combining a leading branded sportswear distribution platform with an efficient sourcing capability. The new company will be managed by a high-calibre team with a background within the branded and sports fashion businesses.

Revenues are currently in excess of $250M and the company projects significant growth in both turnover and margin through continued expansion. Profits are expected to be boosted by improvements in product development and the expansion into new consumer markets such as in India and Russia.