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Gresham sells Just Trays to Maven as portfolio wind-down continues

24 Jun 2014

Just TraysUK private equity firm Gresham has sold shower tray manufacturer Just Trays to Maven Capital Partners as the firm continues winding down its operations.

The firm is currently going into a run-off after scrapping plans to raise a new buyout vehicle in the wake of several senior executives jumping ship.

Maven said it had completed a multi-million pound investment backing the MBO of Just Trays, which has been in Gresham’s portfolio since 2006.

Ryan Bevington, investment director at Maven, said, “Just Trays is a great UK manufacturing business which received financial backing before the recession, but saw its core market decline from 2008 as the recession impacted the housing and construction markets.

“It is a credit to the management team that the business has remained profitable and cash generative throughout this period and we believe it is now well placed to capitaliseon its position as the UK’s leading shower tray brand.”

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