Electra Partners' portfolio company, Hotter Shoes ("Hotter"), the UK's largest shoe manufacturer, has been awarded the coveted Queen's Award for Enterprise in recognition for its success in international trade.
The Queen's Awards are the UK's most prestigious business awards. They are made annually by HM the Queen and are only given for the highest levels of excellence demonstrated in each category. Approximately 140 Queen's Awards have been announced this year for outstanding business achievement in the fields of International Trade, Innovation and Sustainable Development.
Electra Partners acquired a majority stake in Hotter in January 2014, with Electra Private Equity investing £84 million of equity in the deal. Hotter is a leading UK designer, manufacturer and retailer of stylish and exceptionally comfortable footwear with a strong focus on product quality, design and customer service. Headquartered in Lancashire, Hotter operates from one of the most advanced shoe making facilities in the world and sells over two million pairs of shoes each year in the UK and internationally.
Alex Fortescue, Chief Investment Partner, said:
"We are delighted that Hotter has been recognised with the Queen's Award for Enterprise. We would like to congratulate Peter Taylor and his team on this much deserved award which demonstrates the successful execution of Hotter's international strategy."
Electra Partners refers to Electra Partners LLP acting on behalf of its client Electra Private Equity PLC.