December 2021
April 2024


2XU (pronounced ‘two times you’) is an Australian compression sportswear brand with retail and wholesale operations and distribution in more than 70 countries worldwide.

With the incumbent bank wishing to exit, the business required new working capital finance and appointed FTI Consulting to run a competitive tender process.

Our Role

  • Won the tender and provided an AUD $15 million asset-based working capital facility with a two-year term and an option to extend to a third year
  • Hilco facility allowed the bank to exit and provided additional headroom for growth
  • Covenant-lite facility with simple monitoring allowed management to focus on their core business


  • Hilco facility was extended after the initial term to allow the sponsor to run a sale process for their exit
  • Hilco loan was fully refinanced when the business was acquired by new owners



Let’s connect and work together

If your business or a business in your portfolio is facing a current challenge, our team can provide a qualified perspective and experience-based guidance toward an optimised resolution.