Spectrum Corporate Finance has successfully helped the shareholders of Blue Max Banner with the transition of the business to MML Capital Partners. Spectrum acted as lead adviser to the shareholders.
Blue Max Banner is the market leader in the supply of school uniforms and sportswear to the UK wholesale sector. The business was founded by Mary Fawcus in 1987 and has been majority owned by the Fawcus family since its inception.
Operating out of state-of-the-art facilities in Trowbridge, Bluemax delivered year-on-year revenue and EBITDA growth over the past three years. The success has been built on its four heritage brands, exclusive reliable supplier base and strong customer relationships.
Following the investment in the business by MML Capital Partners and as part of the transaction, Bal Johal, managing partner at MML, and Luke Jones, partner at MML, will join the Bluemax board of directors, led by managing director Nigel Plenderleith.
The transaction will provide the capital required to accelerate the continuing growth of the business.
The shareholders’ legal adviser was Richard Clark from Clark Holt.
David Fawcus, former CEO, Blue Max Banner, stated: ''Spectrum exercised tight control over the whole project and delivered the desired result on time. What could be more important?''
Clive Hatchard, managing director of Spectrum Corporate Finance, commented: ''Blue Max Group is the UK's leading supplier to the independent sector and attracted significant interest from both trade and financial players in the UK and overseas.
"The Fawcus family is delighted that MML Capital Partners has supported the existing management to continue the growth and success it has delivered over recent years. The new owners have exciting plans for the future and we are confident they will build upon the strong platform developed over the past 28 years.''
Bath-based Future plc, the publisher of specialist online and print magazines, said trading in its…
The university of Bristol was one of six organisations to receive a contract from the…
Oxford BioDynamics Plc is teaming up with researchers at King's College London in a bid…
More than a quarter of a million extra construction workers are needed in the UK…
Kent-based housebuilder Vistry revealed it was on track to deliver more than 10% growth in…
A Dorset-based company, which has developed ground-breaking technology to recycle plastic waste and turn it…