Private equity firm grows with furniture maker deal

A private equity firm has bolstered its portfolio with a furniture maker deal.

4D Capital Partners LLP has bought JJO PLC.

Bosses say the deal for the kitchen, bedroom and bathroom fittings company will see it climb to “greater heights”.

Based in Bacup, between Burnley and Rochdale, JJO was founded in 1868 and employs about 300 staff from a 1.2 million sq ft production base.

Under the terms of the deal, Matthew Scoffield and Anthony Robinson will join the JJO team as executive chair and chief financial officer, respectively.

Stephen Greenhalgh will remain on the board as a non-executive director.

Alex Silk, 4D Capital Partners’ founder, said: “We are honoured to become the new owners of this long-established business.

“We have been highly impressed by the talent of the team, the scope of the company’s operations and its growth potential.

“We are confident JJO can achieve even greater heights.”

The investment was led by Alex alongside Dan Newett, Daniel Hannappel and Dominic Wong.

4D Capital Partners was advised by Quantuma, Shoosmiths, K3 and Ford Campbell Freedman.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →