91̽»¨

RSM’s M&A and private equity team advised on the sale of Hawthorn Timber Limited (‘Hawthorn’) to Nimbus, a European private equity firm. 

The client

Hawthorn is a processor and distributor of high-quality, wood-based products with over 60 years’ worth of experience in the industry. Hawthorn has developed an exceptional reputation and has grown to become a leading independent name in the UK timber market. Based in Hull, Hawthorn has strong longstanding relationships with the holiday home industry as well as being a reliable and trusted supplier to furniture manufacturers and merchants.

Nimbus is a European equity firm that specialises in taking a hands-on approach to its investments. They have offices across the Netherlands, Germany, and the UK. Nimbus will work with the current management team to further build on the success of the company, with several exciting opportunities to develop and grow further. The business was acquired from Trevor and Michael Stone, the now-retired former managing and production directors. 

RSM’s solution

Our M&A team researched and identified a list of suitable potential buyers, prepared the information memorandum, negotiated all aspects of the deal, and project-managed the deal to completion.

RSM’s modelling team created a three-year forecast model with a funding overlay to demonstrate the attractiveness of the acquisition opportunity to potential buyers.

Transaction team: Steve Hubbard, James Atkinson, and Rich Winter.

Testimonial

‘I am delighted that Hawthorn is looking forward to the next stage of its growth under the management of Richard and the rest of the team, ensuring the continuance of the positive culture within the business. 91̽»¨played an essential role in the transaction, spending time with us to explain new concepts in a clear non-technical manner so that we could make decisions.’

Trevor Stone

Hawthorn Timber Limited