Vancouver and Dublin based Hartley & Marks, the makers of luxury stationary brand Paperblanks, has appointed Moore Stephens, the top 10 international accounting and advisory firm, to manage a private equity investment round to fuel the company’s future growth.
Paperblanks was founded in 1992 and now produces annual revenues in excess of USD25 million selling an estimated 10 million products annually through retailers worldwide. Damian Ryan, Partner, Moore Stephens, commented: “Paperblanks has a growing and loyal customer base. To achieve further growth and win the battle in the digital space, the opportunity lends itself perfectly towards private equity. It’s refreshing to work with such a beautiful product”.
With a future exit value projected to be around USD100 million, the investment required will be utilised to expand the firm’s core digital offering with a clear five-year plan that will yield a significant increase in sales. There is also a structured strategy in place to accelerate growth throughout Asia Pacific and North American markets over the same period.
Damian Ryan continued: “Indeed, its EMEA revenue is forecast to increase by 50 per cent over the next five years with the growth fuelled by ever-improving sales of bespoke and special edition products to key retailers. The deal also fits Moore Stephens’ wider strategy – of helping worthy businesses expand and achieve. Paperblanks is very much one of these businesses and we’re excited to be a part of the next part of its journey.”
