Equip4work
Convex Capital originated, led, structured and completed the sale of Equip4Work Ltd, the UK’s leading office furniture retailer, to global plc, TAKKT.
Equip4Work was founded by Derek and Martin Hutchinson and is based in Dumfries, Scotland. The company generates Revenues of c.£40m and EBITDA of £4m. The company’s online platform, Officefurnitureonline.co.uk, dominates the UK office furniture market and has a rapidly growing own brand offering.
Convex Capital structured a deal that gave the shareholders 80% of their consideration on completion. Brothers Martin and Michael Hutchinson will remain with the business following the deal and continue to drive growth as part of the TAKKT Group.
The Convex difference: delivering the shareholders target valuation
