Neville Johnson, which is based in Trafford Park, reported a 20 per cent increase in revenues to £33m for the fiscal year to April.
Alcuin will invest £10m in the business for a “significant stake”.
During KCP’s ownership, the company bought Tom Howley, which reported an order intake of £11m for the previous year, up from £2m in 2010.
Head of corporate finance for KPMG in the North Jonathan Boyers said, “We are currently seeing a high amount of deal activity in the home improvement sector, as the uptick in the economy, coupled with the renewed confidence in the housing market, inspires homeowners to invest in their property once more.
“Neville Johnson’s unique offering of designing, manufacturing and fitting bespoke furniture to customers identified through highly effective direct marketing generated significant interest from the private equity community who are keen to invest in strong consumer brands in growth sectors.”
Earlier this year KCP exited its investment in food manufacturer TSC Foods for a return of 3.5 times.
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