Turner Parkinson’s Corporate team have completed their latest deal advising Mike Gardner and other shareholders of Claremont Group Interiors on their exit from Rotherham-based office furniture manufacturer Staverton (UK).
The directors of have taken majority ownership of the Staverton business, buying out managing director Mike Gardner and Warrington-based Claremont Group Interiors’ shareholders.
Stephen Hadlow, Corporate Partner commented “we were delighted to be involved in a deal which provides Mike the opportunity to realise the value he has brought to the Staverton business.
Mike Gardner led the MBO of Staverton from Black Arrow Group in July 2009. Staverton operates a manufacturing facility in Rotherham, a showroom in Clerkenwell London and a sales office in Westerham, Kent.