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Garden suppliers blossom with £600,000 MBO
December 2008
Sheffield-based accountants have helped sow the seeds of growth for one the UK’s leading garden equipment suppliers.
Hart Shaw accountants have acted on behalf of Chesterfield-based Two Wests and Elliott in a £600,000 MBO which sees long-term managers Peter Bennett and Lucie Bradley now share ownership of the company.
Hart Shaw were lead advisers for the buyout, negotiating on behalf of the management team, arranging the necessary funding and project managing the transaction.
Two Wests and Elliott manufacturer and supply of mail order garden hardware and accessories, including greenhouses, fruit cages, watering systems and propagation equipment.
The company was founded more than 30 years ago by Christopher and Josephine West. They were bought by a major national firm in 2000 and have 16 staff.
Hart Shaw accountant Mark Sims said: “We have been delighted to act as lead advisors to Peter and Lucie in this MBO to hopefully sow the seeds of future success for this successful local company.”
Peter Bennett, Managing Director of Two Wests and Elliott, said: “We have a superb team of talented people at Two Wests and are delighted to be investing in the firm.”
The deal is being funded by Alliance & Leicester and Enterprise Ventures with Ironmonger Curtis LLP the lead legal advisors.
