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Business News

Berkshire Shooting School bagged by ex-pat

Royal Berkshire Shooting School, the country sports and clothing group, has been sold in a deal thought to be worth more than £10m.

Alexander Newman, 52, a Chile-based Briton, has bought the group in what promises to be the first of a number of deals likely to be done by the ex-patriate.

The sale of the school, famed for employing Kate Middleton, the girlfriend of Prince William, has netted the company's majority shareholder, Bryan Richmond-Dodd, and Dylan Williams, who runs the school, millions of pounds.

The deal was completed earlier this month following a process run by Cavendish Corporate Finance, which was started nearly one year ago.

Mr Newman, who describes himself as a "one-time gunmaker's oily rag", gets his hands on the Really Wild Clothing brand as well as a 75-acre shooting site.

He is believed to have fought off interested parties keen to buy the school from as far a field as Russia and North America.