Building supplies firm looks to raise £230m

A £251M-TURNOVER business supplies firm is seeking investment through a share sale.

Hull-based MKM Building Supplies, which made £10.8m pre-tax profits this past year, wants to open further branches with the funding.

The sale of a stake in the business could raise up to £230m according to the Hull Daily Mail.

Founder and executive chairman David Kilburn owns 40% of the group, with with 3i and LDC private equity groups holding 45% between them.

Rothschild in Leeds have been appointed to work on the potential sale, with several private equity backers said to be interested.

A spokesperson said: “Ultimately, this is the UK’s largest independent builders’ merchant and it is looking for additional funds to deliver further growth.”