Geldards secure private equity investment to help grow PermaGroup
Geldards and RSM UK have helped PermaGroup, a leading Derbyshire supplier of specialist building products, secure funding from UK-based private equity firm, Owner Venture Managers Ltd.
PermaGroup was established over 20 years ago, initially as a rubber roofing business which has since expanded to include a group of brands including fencing, skylights, lawns, buildings and finance options under the PermaGroup umbrella. The business has achieved record-breaking growth, with an increase in annual turnover of 37.5% at the end of 2021, remarkable in the challenging conditions of the UK construction industry including escalating materials costs and supply chain pressures.
The investment with support from funders Beechbrook Capital and Investec Capital Solutions, will allow PermaGroup to fulfil ambitious growth plans for greater market reach.
Leading on the deal from Geldards’ East Midlands Corporate team were Partners Debra Martin and Paul Feenan, supported by Senior Associate Sarah Bailey, who advised on all elements of the transaction.
Debra Martin commented:
“We were delighted to help PermaGroup smoothly through the investment process to help expand their growing business. They have achieved remarkable growth, particularly over the last few years and we wish them every success for the future. ”
Adrian Buttress, Managing Director PermaGroup commented:
“It was the first time we had done anything like this, so was a complete minefield for us, I cannot recommend the Geldards team enough for demystifying the process for us.
I was particularly impressed with suggestions that I had not even thought of. On the day of completion, the team worked tirelessly until everything had been signed and sealed. Thank you Geldards!”