We are delighted to have advised Kent Blaxill Holdings Limited on their sale to PaintWell Limited.
Kent Blaxill is a family-owned business established in Colchester in 1838. The business has twenty three branches across the East of England and the Midlands.
All branches offer a range of decorating products including paint and decorating products from various leading suppliers. Two of the larger sites also offer a full range of other building products – including, timber, glass, ironmongery, tools, and landscaping products.
The business was approached by Cairngorm Capital backed, PaintWell, as it sought to grow with a view to becoming a national group. The two businesses are highly complementary in terms of culture, strategy and geographic focus areas.
The combination of PaintWell and Kent Blaxill will drive significant synergies for the group to the benefit of both businesses.
As part of the deal, some of the major Kent Blaxill shareholders rolled over part of their equity and will benefit from the combination synergies and future growth of the group.
Our corporate finance team advised the management team on the preparation of information to support a compelling offer from Cairngorm, and provided tactical and strategic advice around the deal price and structure negotiations - realising a very favourable outcome.
