FRP helps The Majestic Shower Company seize opportunity with Flair
We’re pleased to announce that Essex-based premium shower screen designer and manufacturer The Majestic Shower Company has been acquired by Flair Showers, in a deal supported by our Corporate Finance team.
The long-standing family firm, whose products feature in luxury hotels and residential developments across London and the South East, will now become part of Ireland’s oldest manufacturer of shower doors and bath screens. The deal is expected to generate significant growth opportunities for both businesses, with The Majestic Shower Company’s second-generation management team to remain in place.
Dave Howes, Adam Croft and Alex Hunton from our Corporate Finance team advised on the deal, securing a strategic acquirer to help The Majestic Shower Company build on its more than 50-year history.
The team led the transaction and secured a sale of 100 per cent of the shares in The Majestic Shower Company to Flair Showers who saw the potential to grow the business and expand on its excellent reputation and product range. Working closely with the management team, the team secured a deal that met the shareholders’ expectations, with upside structures included for management to benefit from future growth.
Dave Howes, Corporate Finance Partner at FRP, said: “Despite the ongoing uncertainty relating to the COVID-19 pandemic and the nascent impact of Brexit, this deal puts both businesses in a strong position to further the excellent reputation and range of products they have developed for more than half a century. Martin Murphy and the team at Flair Showers were quick to recognise The Majestic Shower Company’s potential for growth and I look forward to seeing it thrive with their support.”
Selling a business
Despite the ongoing uncertainty relating to the COVID-19 pandemic and the nascent impact of Brexit, this deal puts both businesses in a strong position to further the excellent reputation and range of products they have developed for more than half a century.Dave Howes Corporate Finance