We advised Scope Capital Advisory on the sale of its shareholding in FootBalance, a global foot health technology company and category leader in custom insoles, to IPGL, which is the private investment company of Lord Spencer.
FootBalance is a Nordic, health-driven brand which custom insoles create a personalised shoe fit through its advanced 3D foot scanning technology and supporting product portfolio, including its award-winning custom insole programme. Improving quality of life, keeping customers active, fit and pain-free, FootBalance is present in more than 50 countries across 1,500 points of distribution, having conducted more than 5 million foot analyses and sold over 4 million pairs of custom insoles.
The new partnership will enable the company to accelerate its expansion and growth, whilst bringing it closer to its mission to support more people with better foot health, as 75% of the world population lives with issues relating to foot misalignment.
