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NVM backs buyout of Lancs furniture maker Buoyant

12th July 2013

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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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