RPC has advised Comhar Capital on the deal.
Comhar Capital invested in Bazaar Group, a market-leading furniture manufacturer and ecommerce retailer. Through the investment, Comhar Capital will be acquiring a majority share in the business.
Headquartered and operating from Northumberland, Bazaar Group is a market-leading manufacturer and ecommerce retailer in the soft seating furniture category. The business is the category leader in this sector, having developed strong visibility across multiple channels and has built an enviable market position based on its design-led product collection and excellent customer service. Bazaar Group consistently ranks as one of the top vendors in the soft seating category on large marketplaces such as Amazon and eBay and is also growing a strong position as a key supplier to online specialist retailers such as Wayfair.
This is the fifth investment from Leeds-based Comhar Capital. Established in 2018 by Neil Armstrong and Craig Wilkinson, Comhar has been established as an independent direct capital investment business targeting SMEs run by forward-thinking, growth orientated managers. Neil and Craig will both join the board of Bazaar Group. The funding will support Bazaar Group’s future market development, which is focused on international expansion, particularly new ecommerce platforms in the UK and Europe.
The corporate retail team was led by partner Jeremy Cunningham (Picture), with assistance from Nigel Collins, Ben Roberts, Ella Shanks, Ed Colville and Ela Broderick-Basar.
Involved fees earner: Nigel Collins – Reynolds Porter Chamberlain RPC; Edward Colville – Reynolds Porter Chamberlain RPC; Jeremy Cunningham – Reynolds Porter Chamberlain RPC; Ben Roberts – Reynolds Porter Chamberlain RPC; Ella Shanks – Reynolds Porter Chamberlain RPC;
Law Firms: Reynolds Porter Chamberlain RPC;
Clients: Comhar Capital;