M&A Deal Summary

CBPE Capital Acquires Gradus

On December 1, 2000, private equity firm CBPE Capital acquired furniture company Gradus from Headlam Group for 30M GBP

Acquisition Highlights
  • This is CBPE Capital’s 1st transaction in the Furniture sector.
  • This is CBPE Capital’s 7th largest (disclosed) transaction.
  • This is CBPE Capital’s 4th transaction in the United Kingdom.
Investment Fate
  • Gradus was sold to a consortium of financial buyers in 2007 for 41M GBP.
  • Gradus was sold to a consortium of financial buyers in 2014.
  • Gradus was sold to a strategic buyer in 2015.

M&A Deal Summary

Date 2000-12-01
Target Gradus
Sector Furniture
Buyer(s) CBPE Capital
Sellers(s) Headlam Group
Deal Type Divestiture
Deal Value 30M GBP

Target

Gradus

Macclesfield, United Kingdom
website
Gradus is a designer and manufacturer of contract interior building products, serving a wide range of sectors including commercial, healthcare, education, retail and leisure.

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Buyer(S) 1

Buyer

CBPE Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 1.3B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

CBPE Capital is a private equity firm that seeks investments in mid-sized UK-based businesses. CBPE focuses on transactions valued at between £25 million and £150 million and will consider opportunities in a variety of industries. Sectors of interest include support services (inspection testing, training/education, oil/gas services, business process outsourcing, IT, environmental services, utility services); transportation/distribution (transport infrastructure, transport services, wholesale and distribution); consumer (food/beverage, household products, media, retail); industrial (chemicals, building products, electronics/engineering, paper, packaging, aerospace/defense, automotive, capital goods); healthcare (pharmaceuticals, medical products, diagnostics); and leisure (restaurants, gaming, holiday parks, cinemas, hotels). CBPE was formed in 1984 and is based in London.


DEAL STATS #
Overall 4 of 55
Sector (Furniture) 1 of 3
Type (Divestiture) 1 of 3
Country (United Kingdom) 4 of 50
Year (2000) 4 of 4
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-01 Laybond Products

Ulverscroft Road,Leicester, United Kingdom

Laybond is one of the leading manufacturers of flooring adhesives, roofing systems and general building products in the UK. The company's brand portfolio includes Gripfill?, the market leading gap-filling adhesive.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-01 Hillarys Blinds

Colwick, United Kingdom

Hillarys Blinds Ltd. is a provider of made-to-measure window blinds. Manufactures, sells, and delivers a full in-home measuring and fitting service. Hillarys Blinds was founded in 2001 and is based in Colwick, United Kingdom.

Buy £50M

Seller(S) 1

SELLER

Headlam Group

Birmingham, United Kingdom

website


Category Company
Founded 1948
Sector Distribution
Employees2,267
Revenue 664M GBP (2022)
DESCRIPTION

Headlam Group is a distributer of a wide range of products, sourced from a variety of floorcovering suppliers around the globe, to its customer base who, in the main, are independent floorcovering retailers and contractors. Headlam Group was founded in 1948 and is based in Birmingham, the United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Furniture) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Gradus

Macclesfield, United Kingdom

Gradus is a designer and manufacturer of contract interior building products, serving a wide range of sectors including commercial, healthcare, education, retail and leisure.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-30 Florprotec

Darlington, United Kingdom

Florprotec Ltd is a supplier of floor protection products.

Buy £1M