Neville Johnson finds perfect fit with Key Capital Partners

The Leeds office of private equity firm Key Capital Partners (“KCP”) has backed the incumbent management team in a secondary management buyout of Trafford Park fitted furniture company, Neville Johnson.

Neville Johnson is a leading designer, manufacturer and installer of high quality bespoke fitted furniture for home studies, bedrooms, lounges and home cinemas. Targeting high net worth individuals, its recent success has been driven by a reputation for quality coupled with a high level of customer service and satisfaction.

KCP has invested £4.25 million for a majority stake in the business in a £12.5 million transaction following the exit of Endless LLP following its investment in 2006. The management team are re-investing the majority of their proceeds from the sale, demonstrating their confidence in the future of the business. Driven by capital investment, product development and an enhanced marketing strategy, Neville Johnson has seen sales increase from £12 million to £17 million during the period of ownership by Endless. The company aims to continue this impressive growth with KCP’s support and investment.

Nigel Pailing, CEO of Neville Johnson, said: “We fully expect to forge a strong partnership with KCP and we will be working closely together to maintain our current level of growth. We’ve had a great experience with Endless and I am sure we will see similar success with the team at KCP.”