A group of shareholders have sold their stake in R Delamore Limited to a secondary management buy-out team.
R. Delamore Limited is a leading UK-based branded and propagator of young garden plants. The business was founded over 40 years ago as a producer of young chrysanthemum plants and in 1985 was awarded a Royal Warrant to supply the Queen. In 1990, Peter Wood led a management buy-in of the business, with backing from the private equity firm, 3i. Since then the business has grown substantially and it now raises over 750 varieties of young plants.
Oaklins Smith & Williamson, based in the UK, acted as lead advisor to the vending shareholders. The team's head of M&A commented: “The transaction shows that strong brands continue to attract significant interest even in the current difficult climate. Delamore is yet another example of our expertise in selling branded, owner managed, consumer companies.”
Peter Wood, Managing Director of R. Delamore Limited, added: “The team provided invaluable advice, commitment and understood the value of the brand. We were extremely impressed by the proactive and creative approach they demonstrated."
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