Selling a business

Welcome Furniture

Adviser to the shareholder of Welcome Furniture on the disposal of equity to the co-owner.

The deal

Acting as the lead adviser, our Corporate Finance team has successfully advised co-owner and shareholder Russell Matthews on the disposal of his equity in Welcome Furniture Limited, to co-owner John Peterson.

Founded in 2009 by Business Partners Russell and John, Welcome Furniture Limited manufactures and sells ready assembled quality bedroom furniture to retailers across the UK. Based in Caernarvon, North Wales, Welcome Furniture has an experienced sales team to service a client base that extends across the UK.

Welcome Furniture have heavily invested in design, service and state-of the art-technology to ensure superior quality products. In addition, they have their own fleet of dedicated delivery vehicles and drivers- supported by the latest tracking and reporting technology in order to ensure next day delivery on orders.

Following Russell’s decision to dispose of his shares and equity in the business, the team were instructed to structure the deal and see it through to a successful completion.

“I was recommended to contact the team by a good friend who had dealings with Clive in the past. The process of selling my shares was becoming increasingly challenging due to a work and long term personal friendship. The team basically started again with valuations and terms. There was an abundance of negotiations in so many fields which I had no experience in which added so much value to my overall deal. I cannot thank Clive enough for his calm, practical and professional approach.” Russell Matthews, Co-Founder, Welcome Furniture.

Deal summary

Sector:

Consumer, Retail and Leisure

Deal type:

Company Sale – Family/Private

Deal size:

Undisclosed

I was recommended to contact the team by a good friend who had dealings with Clive in the past. The process of selling my shares was becoming increasingly challenging due to a work and long-term personal friendship. Russell Matthews Co-Founder of Welcome Furniture

Related team

Clive Hatchard

Clive Hatchard

  • Partner
  • Corporate Finance
  • London West End, Reading

Related deals

Technology, media & telecoms

FourNet

Adviser to the management team of FourNet on the MBO, backed by Palatine Private Equity.

Business services

ELAB

Adviser to ELAB, an environmental process safety company, on its sale to Cawood Scientific.

Technology, media & telecoms

FourNet

Adviser to Palatine Private Equity in their acquisition of FourNet.