Hunter Boots has received rescue funding to help it cope with the economic repercussions of the coronavirus crisis, and to support future growth. According to a report by the London Evening Standard citing the company, Hunter’s existing backers have agreed to inject £18.5 million (€20.8m-$23.5m) into the business. The deal will see Pall Mall Legacy, a minority investor, become the company’s controlling shareholder. The Pall Mall Legacy fund is backed by Goldman Sachs and managed by Three Hills Capital Partners. Searchlight Capital, which has controlled the footwear company since 2012, will retain a large minority stake as well as representation on the board. Meanwhile, Pentland Group is also expected to remain a minority shareholder after the recapitalization.