M&A Deal Summary

Kartell UK Acquires Just Trays

On June 27, 2019, Kartell UK acquired building materials company Just Trays from Maven Capital Partners

Acquisition Highlights
  • This is Kartell UK’s 1st transaction in the Building Materials sector.
  • This is Kartell UK’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-06-27
Target Just Trays
Sector Building Materials
Buyer(s) Kartell UK
Sellers(s) Maven Capital Partners
Deal Type Add-on Acquisition

Target

Just Trays

Leeds, United Kingdom
Just Trays Ltd. is a niche manufacturer of shower trays, selling its products into the bathroom distribution channels, building, and plumbing merchants, as well as direct to housebuilders. Just Trays Ltd. was founded in 1988 and is based in Leeds, United Kingdom.

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Buyer(S) 1

Buyer

Kartell UK

Bedford, United Kingdom

Category Company
Founded 2008
Sector Building Materials
DESCRIPTION

Kartell UK Ltd. is a manufacturer, designer, and producing an extensive range of high-quality shower trays and accessories. Kartell UK Ltd. was founded in 2008 and is based in Bedford, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Maven Capital Partners

Glasgow, United Kingdom

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2009
PE ASSETS 760M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maven Capital Partners UK LLP (MCP) invests in lower mid-market companies throughout the UK. The Firm also provides mezzanine financing. MCP focuses on profitable companies with proven track records, balanced management teams, and diverse products and services. Maven looks to invest £2 - £20 million in businesses valued from £10 - £40 million. Sectors of interest include specialist manufacturing, health/pharmaceuticals, energy services, leisure, financial services, software and computer services, communication/IT, chemicals, food/beverage, media, consumer products, and support services. Types of transactions include MBOs, MBIs, BIMBOs, take privates, recapitalizations, and growth capital financings. Maven Capital Partners UK LLP was formed in 2009, following a management buyout of Aberdeen Asset Management's Private Equity division. Maven is based in Glasgow with additional offices in Aberdeen, Birmingham, Edinburgh, London and Manchester.


DEAL STATS #
Overall 34 of 86
Sector: Building Materials M&A 1 of 4
Type: Add-on Acquisition M&A Deals 16 of 40
Country: United Kingdom M&A 33 of 84
Year: 2019 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-13 Honcho

Durham, United Kingdom

Honcho is a reverse auction insurance platform, that developed an innovative app which provides consumers with a transparent, cost-effective and engaging way of buying a car, home, contents, travel or pet insurance. Honcho was founded in 2019 and is based in Durham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 GEV Group

Hessle, United Kingdom

GEV Group is a offshore engineering and renewable energy firm operates across four divisions - GEV Wind Power, Subsea Masters, Oxifree, and GEV Offshore. GEV Group is based in Hessle, United Kingdom.

Sell -