BDO advised the shareholders on the sale of Julian Bowen Limited to Storskogen of Sweden, providing M&A, Financial and tax vendor due diligence and tax structuring.
Based in Kirkby in Ashfield, Nottingham, Julian Bowen is the UK’s leading e-commerce design and fulfilment specialist for home furniture.
Since its establishment in 1987, Julian Bowen has gone from strength to strength, underpinned by an exceptional new product development track record, consistent new customer wins and growing e-commerce capabilities. Following extensive investment, online retailers now comprise 70 per cent of sales, while the company offers a flexible fulfilment model to suit its wide range of customers that includes e-commerce, traditional bricks and mortar retailers, and contract furniture providers. Amazon, Wayfair, Dunelm and DFS can be found among Julian Bowens customer base.
“A huge thank you to the entire BDO team who have managed the whole sales process like a military operation. Their advice and guidance resulted a first class business profile and highly professional sale presentation documents which generated a lot of buyer interest, and found a buyer in Storskogen that will enable the business to build for the future. We learned a lot about our business during this process which is now invaluable and the cornerstone of how we view the business going forward. A truly enlightening experience!”
Emmett Lenaghan, Managing Director, Julian Bowen
“We are delighted to have worked with the shareholders to produce such an excellent result. Julian Bowen Limited has successfully adapted its business model to the changing retail environment and in Storskogen now have a partner to continue its business growth."
Roger Buckley, Partner, BDO