Skip navigation

Gloucestershire Business News

Hazlewoods supports schoolwear brand's group expansion

Staverton-based accountants Hazlewoods has advised on the acquisitions of Initially Yours Limited, Total Promotions Limited and John McHugh (Stretford) Limited by Banner Limited.

Banner Limited, backed by MML Capital Partners, is said to be the market leader in the supply of both uniform and sportswear to the school wear industry, and it said these acquisitions represent another key step its strategy.

Ian Webb, chief financial officer at Banner Limited, said: "These are all fantastic businesses which we welcome to the wider group. The COVID-19 pandemic initially brought about some uncertainty in the market, however, our confidence in our strategy quickly encouraged us to broaden Banner's coverage across the United Kingdom.

"We have developed a team of advisers over recent years who are used to how we operate and focus on what is important to us."

Hazlewoods Corporate Finance team performed full acquisition advisory, from negotiating the deal structure, providing financial and taxation due diligence and managing the deals to completion.

In each of these acquisitions, Hazlewoods worked hand in hand with the team at Banner and Phil Edmonds at Roxburgh Milkins, who provided legal support to Banner throughout this ongoing acquisitive phase in their strategy.

Mr Webb added: "James at Hazlewoods has been a trusted adviser throughout all three deals, allowing us to concentrate on the commercial aspects for which we are grateful."

James Whittaker, director at Hazlewoods, said: "These bolt-on acquisitions demonstrate Banner's commitment to their growth strategy, strengthening the group's presence in the South West, North West and East of England.

"We are delighted to be working with Glenn, Ian and Peter and we look forward to continuing to work with the executive team at Banner and with the wider team of advisers, with a number of deals already in the pipeline."

Related Articles

Gloucester insurance broker set for growth following MBO Image

Gloucester insurance broker set for growth following MBO

Investment by JMG group has facilitated a management buyout at Gloucester-based Brunsdon Insurance by North West insurance broker, Butterworth Spengler, for an undisclosed sum.

Consultation launched for 376,000 sq ft expansion of Gloucestershire business park Image

Consultation launched for 376,000 sq ft expansion of Gloucestershire business park

Developers heading up the expansion of Brockeridge Business Park at Junction 1 of the M50 are launching a public consultation for the project.

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Tuesday, September 21 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Tuesday, September 21

The ongoing coronavirus situation is constantly changing with announcements being made about businesses and services.

Cheltenham pursues climate ambition and improved accessibility for taxis Image

Cheltenham pursues climate ambition and improved accessibility for taxis

Cheltenham Borough Council pledged today (September 21) to bring its wheelchair accessible vehicle policy for taxis in line with its 2030 climate ambition.

Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.