Cavendish
Unrivalled expertise in selling businesses
Deals
Stewart Group Holdings Ltd / ECI
Jun 2011
Stewart Group Holdings Ltd
UK market leader in the manufacture and supply of technical plastic moulded products for the gardening and catering sectors
Industrials
ECI
Cavendish is pleased to announce that ECI, one of the UK's leading mid market private equity houses, has invested £12 million in The Stewart Group, a manufacturer of plastic moulded products for the gardening and catering sectors, in a deal valuing Stewarts at £17 million. The deal was structured as a management buy-in/buy-out (BIMBO) with Richard Butler, joining the business as Group CEO. Cavendish acted for Lee Mowle, the owner and CEO of Stewarts.
“Cavendish played an invaluable role throughout a complex transaction and in particular getting the transaction across the finishing line.''
Lee Mowle, owner and CEO of Stewarts
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