NorthEdge Capital has supported the management buyout of TKC, an established supplier to the fitted furniture industry. TKC is a specialist distributor of kitchen and bedroom doors and other components, based in the North West and sourcing the majority of its products from Italy. It currently employs 128 staff and supplies to independent kitchen retailers, kitchen manufacturers and local installers. Established in 1989, the company has experienced strong revenue growth,with turnover reaching £19m in the year to September 2015.
NorthEdge, the private equity firm focused on investing in businesses in the North of England, has backed the incumbent management team comprising of Chris Hazelhurst (Commercial Director), Paul Arrowsmith (Finance Director), Dave Grayson (Operations Director) and Brian Wade (Supply Chain Director). The firm has acquired a majority stake in TKC and the new deal will see the company’s founder, Tom Kelly, and director Hayley Kelly exit the business.
PMSI provided CDD for NorthEdge to support the deal.
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