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Neil Worsley

Partner

Moda Furnishings | September 2019

Convex Capital originated, led, structured and completed the sale of Moda Furnishings Ltd to Endless LLP, a leading UK mid-market private equity investor.

Moda Furnishings is the UK’s leading omni-channel outdoor furniture retailer, offering a unique, modular range of designs with an exceptional reputation for customer service and quality of product. The Company is Headquartered in Manchester, was established in 2014 and has grown rapidly in sales and profitability in that time.

Convex Capital structured a deal which gave the shareholders 85% of their consideration on completion. CEO Jonathan Brierley and COO Vallan McCarthy will remain with the Business following the deal to drive the next phase of growth.

The Convex team was led by Neil Worsley and included Isaac Asamoah and James Edge.

The Convex difference: navigating a complex political and economic environment and completing the transaction within four weeks of agreeing an outline deal structure with the purchaser.

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