Browne Jacobson’s corporate dealmakers have advised Coniston Capital on its management buyout (MBO) of bespoke kitchen design manufacturers Harvey Jones for an undisclosed sum.
Founded in 1986 in a Cambridgeshire workshop, Harvey Jones creates made to measure premium kitchens. The business operates across 28 kitchen showrooms throughout the UK and is led by Managing Director Darren Woolsgrove.
London headquartered Coniston Capital, which was set up in 2020, works with a broad portfolio of UK based SMEs, looking to facilitate change of ownership to management teams and further grow their business profile and operation.
The investment from Coniston Capital will provide Harvey Jones with an opportunity for accelerated growth. The transaction will see the appointments of non-executive Chairman Adrian Fawcett and Coniston Principal Josh Henshaw to the Harvey Jones board.
The Browne Jacobson deal team was led by Birmingham based corporate finance partner, Mike Jackson with support from partner, Sandra Wong and associate Matt Dorman, both of the private equity team, and associate lawyer Jack Milnthorpe. This is the first transaction Browne Jacobson have advised Coniston on.
Coniston Capital partner Amit Hindocha said: “We are delighted to be partnering with Harvey Jones. Their premium product portfolio and fantastic reputation in the high-end kitchen retail space presented Coniston with an excellent investment opportunity and will allow Harvey Jones to move on to the next exciting stages of their development ambitions.
“I would like to highlight the first class support we have had from Mike and the wider Browne Jacobson team on this important second investment. They are a highly experienced team that is commercially focused and ensured all parties received clear straightforward advice. We look forward to working with them again.”
Browne Jacobson Partner Mike Jackson added: “It was a pleasure to have worked with Coniston and Harvey Jones on this exciting investment proposition. With Coniston’s backing and expertise, Harvey Jones will be able to develop their already excellent market offering and become market leaders in the high-end kitchen retail space.”
Browne Jacobson is ranked by Experian as one of the country’s leading corporate finance teams. It is made up of over 50 expert corporate, private equity, venture capital (VC) and banking & finance lawyers delivering multi-layered transactions across a diverse range of sectors.