Olsam Announces New Investment and Appointment of Ben Poynter as CEO

 

London, UK; 7 October 2024 – Olsam, a leading European e-commerce platform, today announces that it has received a new investment from existing investor NorthWall Capital (“NorthWall”), a leading European investment firm, which as a result becomes the majority shareholder in the business. In addition, Olsam announces the appointment of Ben Poynter as CEO to lead the company going forward.

The new investment from NorthWall, a longstanding investor in Olsam, will provide the company with a more robust capital structure that significantly reduces the company’s debt while injecting fresh capital to support the long-term growth plans of the business.

Ben brings over 20 years of experience in C-suite and M&A roles with the likes of Time Out, Yopa Property and Trouva, having begun his career in investment banking at Investec in its M&A / ECM team. Ben has a strong track record of leading fundraisings, executing on mergers & acquisitions and scaling organisations, and he brings significant expertise to Olsam as the firm enters its next phase of development.

Ben Poynter, CEO of Olsam, said: “We are delighted to receive further investment from our long-term investor NorthWall and to welcome them as our new majority shareholder. With a stronger capital structure in place, Olsam is well positioned for success, and I look forward to helping the team continue to deliver on our ambitious growth plans.”

About Olsam
Olsam is a London-based, high-growth consumer products business that acquires and develops exciting products and brands that are loved by customers. Olsam leverages its expertise across the retail value chain to help these products and brands flourish on digital marketplaces and other key retail channels, globally.