Former UK Olympian Robert Lemieux, and his wife, are excited for a big payday when the equestrian products retailer they founded almost two decades ago is sold for more than £150million.
According to sources in the City, the shareholders of LeMieux have hired investment bankers at Clearwater International to examine strategic options before the company is sold later this year.
Since LDC invested in 2021, LeMieux has grown its revenue to £50million, employing 150 people at its headquarters in Romsey in Hampshire. This has enabled it to expand internationally. LeMieux now operates across 69 countries.
Robert Lemieux was an event rider for Britain at the Olympics, World Championships and Olympics. In 2006, he and his wife launched LeMieux with lambskin saddle pads to protect horses against chafing.
The company now produces horse hoods and boots, as well as rugs. Lottie Brash, Olympic gold medalist Scott Brash and double world champion Lottie Bry are also brand ambassadors.
All parties refused to comment.