Endless LLP ("Endless"), the UK buyout and turnaround fund, has arranged and supported the management buyout of Decorpart Limited, the producer of specialist component and packaging products for the pharmaceutical, cosmetics and perfumery markets.
The £50 million pound deal will enable Decorpart to undertake the restructuring necessary to respond to future challenges and secure its position as the world’s largest independent producer in its markets. As a result of the fundraising, the company has in the past month secured a multi-million-pound order from an international packaging group.
A proportion of the equity will be assumed by the management team, led by Nigel Clark, Managing Director, Stephen Whiteside, Finance Director, Richard Morrison, Operations Director and Nick Madison, Sales and Marketing Director.
Warwick Ley, Investment Director of Endless, based at the fund's Manchester office, which led the deal, said: "We are pleased to have secured the future of this business and are confident that under the leadership of Nigel and his team, Decorpart will achieve its objectives. With our support, the team now have a fantastic opportunity to leverage their position in the market and go from strength to strength".
Nigel Clark said: "This management buyout gives us a chance to get to grips with this operation. The refinancing will strengthen our position and enable Decorpart to go forward. We are excited by the opportunities that are available for this business and look forward to working to ensure the future prosperity of the businesses."
Based at Nelson in Lancashire, North-west England, Decorpart manufactures ferrules, collars and shrouds, sheaths, screw closures, overcaps, lipstick sleeves and lotion shrouds for the cosmetics and perfumery markets. In the pharmaceuticals sector, the company supplies pumps and packaging for throat and nasal sprays used in the treatment of conditions including asthma.
Additionally, Decorpart, which holds the ISO 9001 and Investor in People awards, uses its experience, product management skills, and technological resources, to help its customers in product development.
Further information:
Endless LLP
Warwick Ley
Investment Director
+44 (0) 245 370 0101
warwick.ley@endlessllp.com
Decorpart
Nigel Clark
+44 (0) 1282 699 921
Media enquiries:
Capital MS&L
Peter Curtain / Annabel O'Connor
Annabel.oconnor@capitalmsl.com
+44 (0) 20 7307 5330
www.capitalmsl.com
Endless LLP
Garry Wilson
garry.wilson@endlessllp.com
+44 (0) 7785 225147
Notes to editors:
Endless LLP
Endless provides investment and financial advice to support buyout, turnaround and re-financing situations with equity and debt injections. Based in Leeds, the firm prides itself on its market-leading speed combined with ultra-efficient service. Endless makes its own investment decisions, without any need for approval by a credit committee. Supported by private investment, Endless has raised an initial fund of £100 million to invest.
Back to all News