The founders of a fast-growing make-up and beauty firm are set to share a near £190million bonanza when it lists on the stock market.
Industry veterans Adam Minto and Tom Allsworth started Revolution Beauty in 2014.
Its products are now sold in more than 11,000 stores globally, has a booming sales online and boasts 6.3 million followers on social media.
Mr Minto, 51, and Mr Allsworth, 55, are in line to net £15.6million each through selling a chunk of their shares in the business.
And the stakes they retain will be worth £78million each based on the firm’s expected £495 million value when it lists on London’s junior stock market next Monday.
Chief executive Mr Minto said its stock market debut “marks a significant milestone in the company’s development”.
He added that the move ”provides us with a solid platform to execute our exciting growth plans and take advantage of the significant opportunities for global expansion in a compelling growth market.”
He and Mr Allsworth, who is executive chairman, launched a website in 2014.
High street chain Superdrug began with having its stands in around 100 of its stores which, by 2018, had doubled to 800.
It broke into the US market in 2016 through beauty chain Ulta and the group now sells products in 45 countries.
It will raise £110.7million through the placing of new shares.
About £20million from the fundraising will be pumped back into the business to fuel its growth strategy.
The firm said a share sale is also expected to raise almost £190million for existing shareholders.
The founders will retain a roughly 30% stake, while private equity firm TSG will sell the majority of its holding.
Revolution generated revenues of £157.6million for the 14 months to February 28, and currently employs 220 people.
