Recognising management’s ambitious plans to grow the business in a sector which offers exciting opportunities both for organic growth and consolidation, MML's investment provides an exit for the Fawcus family shareholders. MML will work closely with the management team to support them in continuing to expand the business.
Blue Max Banner CEO Nigel Plenderleith comments:
“MML was our preferred investment partner. MML was our preferred investment partner because of their commitment to invest in growing our business. The MML team are flexible and creative in their approach and will allow us to get on with the job.”
MML Partner Luke Jones said:
“We invest as a partner alongside management, allowing them to take the next step on their journey and investing in strategic opportunities that can add value to their business. Blue Max Banner is a successful well run business and we are delighted to be part of its future in an expanding schoolwear market.”
Bal Johal, Luke Jones, and Edward Baker led and executed the deal for MML with both Bal and Luke joining the board. The transaction was supported by Blue Max Banner’s incumbent lender Barclays.