Bulletin

Deal creates £40m-turnover interiors group

Interiors - Clipper Group has acquired Broadstock office furniture - SantanderCB

Southerns Group, a Leeds-based workspace interiors specialist backed by the founder of Clipper Group, has acquired Broadstock Office Furniture in a move that creates a major provider to the commercial, educational, governmental and wider business sectors. Funding for the deal was provided by Santander.
 
In 2015 Southerns acquired its namesake based in Bolton, and Ralph Capper Interiors, based in Manchester, to create a group that posted revenues in excess of £18m in the year to June 2016. This followed an equity investment in the group by Knaresborough Investments, the private equity vehicle established by Steve Parkin, founder of the Clipper Group. The enlarged group will have more than 200 employees. Southerns was advised by Blacks solicitors. Broadstock was advised by Rickitt Mitchell and Weightmans solicitors.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?