OakNorth Bank has provided Harwood Private Capital with a GBP20 million funding package to facilitate the management buyout (MBO) of family-run horticulture firm, Mr Fothergill’s Seeds Limited.
The deal enables the managed exit of the founding Carey and Fothergill families.
A member of the Harwood Capital Management family of funds (AUM>GBP1bn), Harwood Private Capital focuses on supporting growth orientated SMEs and lower mid-market companies in the UK. The firm’s flexible capital allows it to support business owners/management teams in meeting their growth objectives without the loss of control associated with traditional private equity investment.
Founded in 1978 by Jeff Fothergill and Brian Carey, Mr Fothergill’s Seeds Limited is an international horticulture supplier providing gardening products ranging from seeds and bulbs to tools and other supplementary products.
