Company News, Deals
MBO at Kloeber
1–2 minutes
Launched in 2006, Kloeber capitalised on the high demand for quality glazing products from the home improvement and self-build sectors.
Background
Based in Somersham in Cambridgeshire, Kloeber is a manufacturer and nationwide supplier of glazing products – including bi-folding, sliding and entrance doors, windows, roof lights and bespoke glazed screens.
What was special
Having run the company on a daily basis for the past three years, the Kloeber management team acquired the company from its founder and Director, Gavin Morris. Despite the difficulty of raising finance in a tight banking, we were able to raise finance from RBS to fund the deal.
Deal structure
Legal advisers to the deal were Rob Matthews at Keystone Law for the vendor and Jason Williams at Hewitsons for the buyout team. Finance for the transaction was arranged by Steve Noon of RBS in Cambridge.
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