Catalyst advises on the management buy-out of Belfield Furnishings Group backed by NorthEdge Capital

Catalyst Corporate Finance has advised the shareholders and management of Belfield Furnishings Group Limited (Belfield) on the management buy-out of the business, backed by NorthEdge Capital.

Formed in 2002, Belfield has grown into one of Europe’s largest and most successful manufacturer and distributor of upholstered furniture, soft furnishings, curtains and accessories, caravan interiors and beds. The business supplies most of the UK’s leading high street retailers including John Lewis, M&S, Next and Ikea as well as a number of online retailers. The business is also able to supply integrated furniture and furnishings solutions to the likes of Center Parcs.

Belfield has sales of circa £150m and employs over 1,200 people across its manufacturing sites in the East Midlands and North Wales with a wholly owned subsidiary in Romania. The business has, by some way, the largest in-house design team in the UK furniture industry which enables it to provide high quality, design-led solutions at a competitive price for its demanding customer base.

The transaction provides an exit for the original founding shareholders of the Group as well providing access to new capital which will accelerate a number of organic growth opportunities, including new product development and expansion into new markets, as well as facilitating strategic acquisitions of complementary businesses.

NorthEdge Capital manages £525million of private equity funds aimed at lower mid-market buy-out and development capital transactions. With offices in Manchester and Leeds, it specialises in investing in management teams who have real ambition to drive growth and build a global business.

Stephen Hampton, CEO at Belfield, said:

“The business has performed well over the past few years. The funding from NorthEdge will allow us to increase the production of our quality products whilst also maintaining the same high levels of customer service. NorthEdge has an excellent reputation for growing and supporting businesses to achieve their strategic goals and we look forward to working with them through the next phase of Belfield’s development.” 

Andy Currie, Managing Partner, who led the deal at Catalyst said:

“Belfield is a very significant player in its market with a broad range of products and routes to market. Its ability to manufacture on shore and deliver bespoke solutions to its retail customer base sets it apart and there are many opportunities for growth. This investment by NorthEdge creates an exciting new chapter in the development of the business and gives Belfield a great platform to continue to go from strength to strength.”

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