The Rug Company secures multi-million pound sale

Thu, 12 Nov 2015 | BUSINESS SALE

Founders of The Rug Company have completed a multi-million pound sale of a majority stake in their company to private equity firm Palamon Capital Partners.

The Notting-Hill based company, which was launched by husband and wife team Christopher and Suzanne Sharp in 1997, has gained a strong presence in the UK and the US, and built a celebrity client list including George Osborne and Cameron Diaz.

British-born fashion designers Paul Smith, Vivienne Westwood and Alexander McQueen have all previously designed for the company, which has seen sales grow from £11 million to £23 million since 2008.

Each of the firm's rugs are handmade in Nepal using traditional knotting techniques, taking an average of four months to make with contributions from 20 people.

The Rug Company has been sold by Mr and Mrs Sharp and Piper Private Equity, which purchased a minority stake in the business in 2008, to Palamon Capital Partners.

According to Pascal Noth, partner of Palamon, the buyout house was particularly attracted to the high level of craftsmenship involved, which protects the company from competition from rival businesses.

Although the firm is already the largest luxury rug company, Palamon has revealed that it intends to grow the business into the US and Germany.

"With consumers increasingly seeking hand-crafted quality products with heritage we see fantastic potential in scaling the business from the strong base established by Christopher and Suzanne, into a truly global company,” Mr Noth said.

Find a business for sale


Share this article



Latest Businesses for Sale

Metal Polishing Business
Fareham, Hampshire, UK Wide

Metal Polishing Supplies, a highly desirable ‘Run from Home’ opportunity established by our client in May 2008. The highly profitable business is now being offered for sale due to genuine health reasons and we strongly advise early enquiries to avoid...

Asking Price: £265,000
Turnover: £336,519

Butchers with Accommodation
Boston, Lincolnshire, UK Wide

The business is run and managed by our client, with the help of 11 full time members of staff, 6 being qualified butchers. The business is being sold as a Freehold opportunity with 2 x 1-bedroom flats above the premises, both of which are currently l...

Asking Price: £510,000
Turnover: £990,845

FREEHOLD


MOT Garage
Andover, Hampshire, UK Wide

The business runs as a vehicle repair garage offering a range of services. The garage offer classes 1, 2, 4, 5 and 7 up to 3.5t light commercial MOT’s. Much trade is from garages that don’t have MOT bays themselves. The garage also offers repairs for...

Asking Price: £324,950
Turnover: £363,844

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
12
 
Nov
 

MBO at Gloucestershire bricklayers | MBO/MBI

Gloucestershire building services firm Cavendish Park Brickl...

 
07
 
Nov
 

Successful MBO at Homefair Blinds | MBO/MBI

Homefair Blinds has been acquired in an MBO led by a trio of...

 
06
 
Nov
 

SKS completes four acquisitions | BUSINESS SALE

SKS Business Services has announced the acquisition of four ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources