Latest Brintons Carpets News
Jul 6, 2017
Carlyle sells Brintons Carpets to US buyout house By Tweet on Twitter The Carlyle Group has sold UK-based Brintons Carpets to US mid-market private equity firm Argand Partners. Carlyle bought the Kidderminster-headquartered company out of administration in 2011. Equity for the transaction came from Carlyle’s second and third Strategic Partners vehicles, as well as its Special Situations and Corporate Opportunities funds. Brintons has been manufacturing Axminster and Wilton carpets since 1783. It employs 1,800 staff and has factories in the UK, Poland, Portugal and India. The company posted record earning last year and was featured in this year’s Sunday Times Profit Track 100. “Brintons has been a solid investment for us, performing strongly over the last five years in a competitive global market. We have invested significantly in product innovation, opening new international markets and building a global talented leadership team who continue to deliver outstanding results and growth in both revenues and market share,” said Ian Jackson, managing director and co-head of Carlyle Strategic Partners funds. Argand Partners was launched in 2015 by Heather Faust, Howard Morgan and Tariq Osman, who previously worked together at Castle Harlan. TAGS
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