It’s showering deals!
Founded in Leeds in 1988, JT is the UK’s leading manufacturer of shower trays. The company’s innovative products have pioneered change in the shower tray market dictating the industry ‘standard’ in shower tray design.
A team led by Hamish Morrison and Matt Scott guided the management team through the buyout and associated fundraising, delivering integrated corporate finance and tax structuring advice.
Hamish Morrison commented “JT’s market leading position has been underpinned by two key principles, quality and innovation. The new investment will enable JT to continue to drive industry standards in the shower tray market within the UK and beyond.”
The management team were led by managing director Paul Crossley and finance director Lee Walker. Paul Crossley commented “The timing was right for everyone concerned for JT to find a new financial associate to back us on the next stage of our growth strategy, as we look at additional routes to market, overseas expansion and bolt-on acquisitions. The team at BHP has been instrumental in identifying the right partner for JT and assisting through the deal process”.
The completion represents the second deal involving private equity in the last two months after BHP Corporate Finance advised on the disposal of Mobeus Equity Partners backed MachineWorks Software Limited to Westec Holding Company Limited and follows a busy first quarter of 2014.
We look forward to announcing more deal completions in the near future.