Kitchen furniture manufacturer Harvey Jones has completed a management buyout (MBO) for an undisclosed sum.
Browne Jacobson’s corporate dealmakers have advised Coniston Capital on its MBO of Harvey Jones, where the business has introduced Adrian Fawcett as non-executive chairman.
Fawcett has more than 20 years of experience in executive and non-executive roles, across multiple sectors, and previously chaired beds and mattress manufacturer, Silentnight Group.
Founded in 1986 in a Cambridgeshire workshop, Harvey Jones creates made to measure premium kitchens. The business operates across 28 kitchen showrooms throughout the UK and is led by Managing Director Darren Woolsgrove.
London headquartered Coniston Capital, which was set up in 2020, works with a broad portfolio of UK based SMEs, looking to facilitate change of ownership to management teams and further grow their business profile and operation.
The investment from Coniston Capital will provide Harvey Jones with an opportunity for accelerated growth. The transaction has also seen the appointment of Coniston Principal Josh Henshaw to the Harvey Jones board.
Coniston Capital partner Amit Hindocha said: “We are delighted to be partnering with Harvey Jones. Their premium product portfolio and fantastic reputation in the high-end kitchen retail space presented Coniston with an excellent investment opportunity and will allow Harvey Jones to move on to the next exciting stages of their development ambitions.
“I would like to highlight the first class support we have had from Mike and the wider Browne Jacobson team on this important second investment. They are a highly experienced team that is commercially focused and ensured all parties received clear straightforward advice. We look forward to working with them again.”
Browne Jacobson Partner Mike Jackson added: “It was a pleasure to have worked with Coniston and Harvey Jones on this exciting investment proposition. With Coniston’s backing and expertise, Harvey Jones will be able to develop their already excellent market offering and become market leaders in the high-end kitchen retail space.”