Lancashire sofa and sofa bed maker Flame Upholstery has been bought by its bosses. Preston-based flame, which turns over just less than £7m, and has 500 staff has been bought from parent company Tetrad by managing director Mike Featherstone and … Continue reading
Yearly Archives: 2008
Buy-out of Flame Upholstery
Dow Schofield Watts has advised on the management buy-out of Flame Upholstery Ltd, a leading manufacturer of sofas and sofa beds, from its parent company Tetrad plc. Flame, which sells its products through independent stores and also manufactures own-label furniture … Continue reading
£53m buy-out of David McLean Homes
Description of the business and the deal Dow Schofield Watts has advised the management of David McLean homes on its MBO through Elan Homes. Elan Homes has been formed by the former senior management team of David McLean Homes, led … Continue reading
Jobs saved as David McLean Homes sold to Elan Homes
Ninety jobs have been saved with the sale of the housebuilding division of Flintshire-based David McLean group to a new company. Elan Homes has been formed by the former senior management team of David McLean Homes, led by former group … Continue reading
David McLean Homes bought out by Elan Homes
David McLean Homes has been bought by Elan Homes, a new company formed by former senior management at David McLean. David McLean group finance director John Kendrick last night completed the buyout of the housebuilding division for a reported sum … Continue reading
New finance team formed
Corporate finance outfit Dow Schofield Watts today announced it has lured three senior managers from PricewaterhouseCoopers in Manchester to run a new division, and has launched a venture capital fund which is looking to raise up to £5m. Ed Brentnall, … Continue reading
Advisers answer distress signal
Dow Schofield Watts has set up a new corporate debt advisory business to provide turnaround and refinancing services to distressed firms that are worried about their future funding prospects. It will be headed by former Ernst & Young corporate restructuring … Continue reading
Time for something different
In times of tightened credit markets, with banks and other funders treading cautiously with lending, Stephen Greenwood may have the answer for ambitious management teams eager to buy the businesses for which they work. As chairman of Deferred Finance Ltd, … Continue reading
RJD backs Raphael Healthcare
Raphael Healthcare, a specialist provider of mental health services for women, has received £6.1m of development capital in a deal valuing the business at £30m. Raphael was established in Runcorn, Cheshire, by chief executive Arthur Robinson and healthcare entrepreneur and … Continue reading
£6m development capital for Raphael Healthcare
Dow Schofield Watts has advised the shareholders of Raphael Healthcare on RJD Partners £6.1 million development capital investment in a deal that values the company at £30 million. Raphael Healthcare was established in Runcorn, Cheshire, in 2004 by Chief Executive … Continue reading
