Paramount Office Interiors acquired in a management buyout

Wed, 04 Jul 2018 | MBO/MBI

One of UK’s leading workplace design, fit out and furniture specialists, Paramount Office Interiors Ltd, announced today that the business has been acquired by its Management Team in a deal supported by lead advisors Verde Corporate Finance and Greenaway Scott.

The transaction was backed by funding from ABN AMRO Commercial Finance and a follow-in investment from GS Ventures.

On the successful MBO of the industry-leading interiors firm, Verde Corporate Finance director Craig Blackmore said: “Paramount Interiors has developed a UK-wide reputation for creating innovative workspaces that transform businesses, so we were delighted to be able to support them as they embark on the next phase of their journey."

Leading the management team on the buy-out was Managing Director Richard Jones, having been appointed as MD at the end of 2017 with a vision to ensure Paramount Interiors pursued its potential and continued to achieve year on year growth.

He said: "I am very excited about what the future will hold for Paramount, myself and the management team as a result of the MBO. We have an exceptional team of people, strengthened by our recent investment in new young talent within our Sales and Design teams, who take a huge amount of pride in working together with our clients to ensure we achieve the highest possible standards."

Previous owner Nigel Roberts will also remain involved in the business and act as the non-executive chairman of Paramount Interiors in addition to his role as director of Cardiff Parkway Developments Ltd.

The client list of Paramount Interiors includes the Office for National Statistics, ITV, GoCompare, S4C, KPMG, The Royal Mint and the Welsh Rugby Union amongst others. With the MBO, the award-winning company is now aiming to build on the company’s success and explore future expansion plans and new markets.

To learn more about Paramount Interiors, visit http://paramountinteriors.com/.


Share this article



Latest Businesses for Sale

Dust & Fume Extraction Specialist
Scotland, UK

Specialises in comprehensive dust and fume extraction solutions, providing tailor-made designs, installations and support services. Offers invited.

Asking Price: Offers Invited
Turnover: £534,000

LEASEHOLD


Specialist Transport Services
UK Wide

Provider of specialist transport services, predominantly working with local authorities in the UK. Offers invited.

Asking Price: Offers Invited
Turnover: £6,300,000

FREEHOLD


Major Event Recycling/Waste Management
UK Wide

Debt free. High profile events. Reactive marketing. Unique equipment/plant. Relocatable. Unrivalled sector experience. Term contracts. Offers invited.

Asking Price: Offers Invited
Turnover: £710,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
26
 
Mar
 

Craft beer company goes under | ADMINISTRATION

With stores in London, Canterbury and Margate, craft beer me...

 
25
 
Mar
 

West Midlands transport company enters administration | ADMINISTRATION

The company behind the Ring and Ride services throughout the...

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

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