Findel Education Limited
We completed the acquisition of Findel Education Limited (‘Findel Education’) from Studio Retail Group Plc on 16 April 2021. Findel Education is one of the UK’s leading e-commerce led suppliers of educational resources and equipment to schools and nurseries. It is a one-stop-shop for a wide range of everyday essential consumables and capital products, including stationery, arts & crafts, furniture, facilities management, curricular materials, outdoor and sports equipment.
The business has been trading since 1817 and over the years it has developed well-known brands, comprising GLS, Hope, Philip Harris and Davies Sports, which offer great value and service across an extensive product range in both the UK and overseas.
On acquisition, the business had 270 employees across its HQ in Hyde, in the North West of England, and its distribution centre in Nottingham.
Paul McClenaghan (CEO at Victoria Plum) has joined the board as Chairman, bringing a wealth of digital transformation expertise to the management team.
This was our first investment in Fund V and as part of the acquisition, further funding will be made available to allow the management team to explore further targeted M&A opportunities.
Andy Ross, Partner at Endless LLP, said:
“We are delighted to be backing Chris, Mark, Martin and the entire Findel Education team to deliver our shared vision for the business and look forward to working closely with them in the coming years. We believe that this is an exciting opportunity to acquire and develop a truly market leading business.”
Chris Mahady, CEO of Findel Education, commented:
“We are pleased to have secured the investment from Endless and strongly believe that together we can develop the company at pace, through investing in our brands and capabilities in the wider schools and nurseries marketplace. We would also like to thank Studio Retail Group for the support they have given Findel Education during their ownership”
Key person for this case study
A Partner in the Investment Team, Andy is responsible for the firm’s operations in Yorkshire and the North East from our Leeds Headquarters. This includes delivering new transactions, as well as working closely with some of our investments. Prior to joining Endless, Andy spent 16 years at PwC advising regional corporates and their stakeholders through sales, purchases, restructures and refinancing projects.