UK mid-market investor Electra Partners has invested £26m (€29.5m) in the buy-out of Daler-Rowney, a supplier of fine art materials.
Based in Berkshire, England, and dating back to 1783, Daler-Rowney artists’ paints, brushes, canvases, papers and accessories for amateur and professional artists. The company manufactures its products in the UK and the Dominican Republic and exports to over 90 countries worldwide.
The company’s management team is headed by Patrick Giraud, previously of specialty paper company Arjo Wiggins, who bought Daler-Rowney from the Daley famils in 2005.
Electra investment partner Alex Cooper-Evans said, “Daler-Rowney is a leading player in a niche market led by an entrepreneurial and passionate management team. We look forward to working with them as they continue to develop new products, customers and markets.
“The business has a bright future and we will be looking to help create value through an industry roll-up,” he added.
The firm recently acquired residential heating and hot water services business Sentinel Performance Solutions from the Riverside Company for £43m (€48.8m).
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