New private equity owner for £85m furniture firm

TBG Furniture has landed investment from Blandford Capital to buy the £85m Belfield Group furniture and soft furnishings business from NorthEdge Capital.

TBG comprises Westbridge Furniture, Tetrad, Belfield Leisure and Clinchplain and supplies the UK and export retail, leisure and furniture trade sectors from its sites in North Wales, Lancashire, Derbyshire and Romania. The firm employs almost 1,000 people – all of whom have been retained.

Tom Prestwich, CEO, and the management team will continue to lead the business under the new ownership.

Neville Kahn, a founding partner of Blandford Capital said: “We are thrilled to partner with TBG. TBG has an unmatched reputation in the UK for providing high quality upholstered and soft furnishings. We look forward to working with Tom and the talented TBG team to maximise the many opportunities in the UK and export upholstery markets.”

Keven Parker, managing partner at NorthEdge, added: “We have enjoyed a long partnership with the Belfield Group, and we look forward to seeing the business and its team continue to grow alongside its new partner, Blandford.”

Tom Prestwich, CEO of TBG, said: “We are delighted to be working with the Blandford team during this exciting next phase of growth. We will continue to provide an incredible service with passion and enthusiasm, delivered by a highly skilled team. Together we look forward to designing, building and selling beautiful products to our strong client base and achieve success into the future.”