Cowgill Holloway Transaction Support Services provides financial due diligence to YFM Equity Partners to allow furniture manufacturer to expand product range
A Transaction Services team led by Mark Bringloe from leading accountants and business advisers, Cowgill Holloway, has provided financial due diligence support to YFM Equity Partners for their investment in bespoke furniture manufacturer, Zutux (UK) Limited.
Zutux, has secured a £950,000 investment from the North West Fund for Development Capital, which is managed by YFM Capital Partners.
Zutux, employing 45 staff, was launched in January 2010 by Managing Director Roger Butterworth and fellow Director Kevin Charles. The Business manufactures bespoke fitted kitchen and bedroom furniture as well as free standing furniture items, including book shelves, desks and multimedia storage units from a facility in Trafford Park.
Mark Bringloe said:
“We are delighted to have advised on this transaction working closely with both Management and YFM to provide a detailed report tailored to the needs of our client. This high-performing company represents an excellent investment for YFM Equity Partners and opportunity for the management team and we look forward to working with the business going forward.”
YFM Equity Partners was advised on legal matters by Andrew O’Mahony at Brabners Chaffe Street. Zutux management was advised by James Sheridan at law firm Turner Parkinson.
The information was correct at time of publishing but may now be out of date.