Banner Jones’ Business Legal Services department has acted for the shareholders in the sale of Nottinghamshire based stone products manufacturer Serene Stone Limited’s shares to Nene Capital.
The business, which boasts a wide range of quality architectural cast stone dressings and concrete solutions, has been acquired by Nene Capital, which will now look to accelerate the business’s growth trajectory over the coming years.
Primarily investing in UK-based SMEs, Nene Capital concentrates on realising long-term value and maintains an active role in commercial operations to support the delivery of strong financial outcomes
Founded in 2011, the company has been involved in the design and supply of stone materials for highly bespoke projects across the luxury housing and commercial markets.
As part of the deal, Andrew Fielder Head of Banner Jones’ Business Legal Services department - supported by colleague and employment law expert, Katie Ash – advised the sellers on the transactional sale, as well as on the Settlement Agreements and on their Consultancy Agreements with the buyer moving forwards.
Andrew commented: “It was a pleasure to assist Christopher and Paul with the sale of the business that they have worked so hard to develop. All of the professionals involved in the transaction worked very much in partnership, and I am sure that the business will continue to grow and succeed.”
Banner Jones’ team liaised through JRB Accountancy and with KRB who provided corporate finance support.
Simon Stringer, Finance Director of Nene Capital, added: “The historical focus of Serene Stone on quality and delivery has allowed it to establish strong underlying financial and trading performance. These characteristics make it an exciting addition to our growing portfolio of SME businesses.”