2011
Year
Industrials
Sector
Stewart Group Holdings Ltd
Client
ECI
Acquired By
Stewart Group Holdings Ltd / 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.