Gradus acquired by Midfloor SAS
Endless LLP is pleased to announce the sale of portfolio company Gradus to ICG backed parent of Gerflor, Midfloor SAS. The purchaser is based in France and is one of the global leaders in the manufacture of vinyl flooring.
The exit has generated an IRR of 65% for Endless’ investors in its third Fund raised in 2011. The sale follows on the recent exit of FMG to Redde Group Plc in October and is the third successful exit generating realized returns to date of 3x in total.
Headquartered in Macclesfield in the North West of England, Gradus was founded more than 50 years ago and has evolved from being a manufacturer and supplier of flooring accessories into a more broadly based commercial interior solutions provider offering solutions for floorcoverings, barrier matting, wall protection and lighting design in addition to a comprehensive range of stair edging and floor trim profiles.