Management Buyout

PRICOA PROVIDES ONE-STOP FINANCING FOR MANAGEMENT BUYOUT

Camira Group Ltd, headquartered in Mirfield, Yorkshire, is a global designer and manufacturer of textiles primarily for use in commercial office and mass transportation markets. The management team have consistently grown the businesses following their buyout of the company in 2006. They have partnered with Pricoa Capital Group to support the next stage of their international growth plans. Camira recorded revenue of £68 million and EBITDA of £7.4 million in 2014.

Pricoa Capital Group structured a one-stop financing package for a secondary management buyout, which provided full liquidity for exiting investor Cavendish Square Partners. The transaction enabled the senior management team to retain a majority stake in the company and target further international expansion. Pricoa provided all of the term funding for the transaction through a combination of long-term debt and minority equity. The structure also accommodated a super-senior working capital bank facility.
 
Camira’s management team valued Pricoa’s relationship approach and the certainty of execution provided by the one-stop proposition. The patient long-term nature of capital and Pricoa’s follow on appetite are supportive of management’s growth ambitions as they target increased penetration of existing markets as well as expansion through new geographies and product lines.

Camira Group Ltd was advised by KPMG Leeds, supported by DLA Piper. Management was advised by Sentio Partners, supported by Squire Patton Boggs Leeds.