M&A Deal Summary

Alcuin Capital Partners Acquires Neville Johnson

On May 30, 2014, growth capital firm Alcuin Capital Partners acquired furniture company Neville Johnson from Key Capital Partners for 22M GBP

Acquisition Highlights
  • This is Alcuin Capital Partners’ 1st transaction in the Furniture sector.
  • This is Alcuin Capital Partners’ 0th largest (disclosed) transaction.
  • This is Alcuin Capital Partners’ 15th transaction in the United Kingdom.

M&A Deal Summary
Date 2014-05-30
Target Neville Johnson
Sector Furniture
Buyer(s) Alcuin Capital Partners
Sellers(s) Key Capital Partners
Deal Type Secondary Buyout
Deal Value 22M GBP

Target

Neville Johnson

Manchester, United Kingdom
Neville Johnson is a premium brand designing, manufacturing, retailing, and fitting bespoke furniture for the home. With a 25-year track record for quality of service, Neville Johnson enjoys a market-leading position offering luxury fitted furniture to the domestic market place. The business operates three product lines: Furniture - serving the living space, bedroom and study space; Staircase renovation; and high-end Kitchens, through the Tom Howley brand. The Tom Howley brand targets the upper-end of the Kitchen market and enjoys a well-founded reputation for handcrafted quality products and impeccable customer service. Neville Johnson was formed in 1983 and is based in Manchester, United Kingdom.

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Buyer(S) 1

Buyer

Alcuin Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcuin Capital Partners is a London-based private equity firm focused primarily on making growth, or development capital investments in profitable lower middle-market companies. In addition to providing funding for growth, Alcuin also considers buyouts, buy-ins and recapitalizations. The Firm's target investment size is £4 to £20 million. Alcuin looks to be the lead investor and will consider both majority or minority situations.

DEAL STATS #
Overall 15 of 32
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 1 of 5
Country (United Kingdom) 15 of 30
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-06 Domus Tiles

London, United Kingdom

Domus is a distributor of ceramic tiles for premium construction projects, primarily in commercial office and residential sectors as well as leisure, retail and education, with a fast-growing presence in engineered flooring and other hard surfaces. It has created its dominant position in the UK and international presence through a highly targeted sales and marketing programme, focused on the needs and demands of the architectural design community. This professional approach is built on exceptional design-led service, technical expertise and a comprehensive, innovative product range.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Osprey Publishing

Oxford, United Kingdom

Osprey Publishing Ltd. originally focused on military publishing however, more recently, Osprey have expanded their offering into other niche imprints including nature, heritage and custom publishing.

Sell -

Seller(S) 1

SELLER

Key Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 140M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

Key Capital Partners is a private equity group focused on making smaller investments in profitable, growing, UK-based companies. Key looks to support companies across all sectors, providing £4 to £15 million of equity capital. Prospective transaction situations include management buyouts/buy-ins, development capital needs, acquisition financings, shareholder restructurings, and refinancings. Key Capital Partners was founded in 2007 and is based in Birmingham, UK with additional offices in Leeds and Cambridge.

DEAL STATS #
Overall 3 of 13
Sector (Furniture) 2 of 2
Type (Secondary Buyout) 1 of 5
Country (United Kingdom) 3 of 13
Year (2014) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-24 Alliance in Partnership

West Midlands, United Kingdom

Alliance in Partnership Ltd. is a specialist educational catering business which feeds almost 85,000 pupils and students a day in schools and colleges across the UK.

Buy £11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Nurse Plus

London, United Kingdom

Nurse Plus is a provider of staffing and domiciliary care solutions for the healthcare industry. Nurse Plus was founded in 2005 and is based in London, United Kingdom.

Sell -
Mergr

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