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NVM backs buyout of Lancs furniture maker Buoyant

12th July 2013

Joel Rosenblatt, NVM's Andy Leach and Buoyant's MD Mike Aramayo

Joel Rosenblatt, NVM's Andy Leach and Buoyant's MD Mike Aramayo

A FURNITURE manufacturing business employing around 600 people in Nelson, Lancashire, has been sold in a management buyout backed by NVM Private Equity.NVM has invested £7m in the deal, and the total value of the transaction is likely to be more than £10m.Buoyant Holdings, which was founded in Nottinghamshire in 1909, has been sold by East Midlands company the Wade Furniture Group. It has sales of around £50m, and recently-launched a BlueTooth-enabled sofa with integrated iPad docking station.The company makes sof......for the full story register now for free or login below...

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