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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.

 

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