Elaghmore, a private equity fund, has acquired Gardners, a Cardiff-based outdoor display company and SFD, who offer a complete visual needs solution to the retail industry.
The deals make up the sixth and seventh acquisitions made by Elaghmore from its £60 million initial private equity fund, with Mills & Reeve providing a full service on six of the acquisitions.
The acquisitions of Gardners and SFD follows on from the purchase of Kesslers in 2017. Kesslers designs and manufactures retails displays and merchandising. The three companies will work closely together while continuing to operate autonomously. The recent acquisitions have resulted in a group that employs over 300 people and has annual sales of more than £60 million.
The Mills & Reeve corporate team advised on all three acquisitions, including SFD, which was completed in just seven days.
Corporate partner Junaid Haroon, who led the team for Mills & Reeve, said: “Elaghmore have a fantastic reputation for talent spotting, identifying business that not only work well together but also promises a healthy return on investment. The combination of these businesses will create world-leading design and displays solutions for brands globally.
We have worked with Elaghmore on a number of their investments and look forward to continuing to support them with their goal of creating strong growth and long term value in the companies they invest in.”