Thomson Snell & Passmore advised the shareholders of Tropical Blinds Limited on the deal.
Tropical Blinds Limited sold their
shares to Mzuri Group.
Tropical Blinds, established in 1978 by founder Martin Fells, is now one of the largest trade only windows and blinds suppliers in the UK. Over the last 40 years, Tropical Blinds has grown to become a significant player in the UK window blind industry, known in particular for its made-to-measure portfolio including key shutter brands such as ‘Austin’ and ‘Dulwich’.
The Mzuri Group, based in Lisburn, Northern Ireland, owns Decora Blind Systems and TCMM Shutter Group, is backed by the Business Growth Fund (BGF). Mzuri has made a number of acquisitions since BGF’s investment in April 2020.
The transaction team at Thomson Snell & Passmore was led by Partner and Head of Corporate, Joanne Gallagher (Picture), assisted by Partner, Faye Cook, and solicitor, Georgia Jeffery. Due to the nature of the transaction, the deal necessitated a wider project team which included Joanne Wright and Caroline Cohen advising on the Property aspects, Ben Stepney on Employment, Nitzan Cohen advising on Tax, Michelle Rule on IP & Data Protection, and Mathew Boyle on Pensions.
Involved fees earner: Caroline Cohen – Thomson Snell & Passmore; Faye Cook – Thomson Snell & Passmore; Joanne Gallagher – Thomson Snell & Passmore; Georgia Jeffery – Thomson Snell & Passmore; Michelle Rule – Thomson Snell & Passmore; Ben Stepney – Thomson Snell & Passmore; Joanne Wright – Thomson Snell & Passmore;
Law Firms: Thomson Snell & Passmore;
Clients: Tropical Blinds Limited;