MHA Macintyre Hudson has announced its role as lead adviser to the shareholders of Vogue (UK) Limited and UK Bespoke Products Limited (together “Vogue”) in a sale to Kartell UK Limited.
Vogue is a British designer and manufacturer of heated towel rails and radiators founded by Raymond Tunks and Robert Kelley in 1990 and based in the Midlands.
It revealed the acquisition will expand Kartell’s brand portfolio, opening new channels to market, and presenting opportunities for both businesses to improve their supply chain.
The sale represents a “pivotal point” in Vogue’s evolution, and a significant personal milestone for the founders – Raymond and Robert appointed MHA as trusted adviser to lead negotiations of the terms of the transaction and manage the process through to completion.
Tunks and Kelley, Vogue, said: “We are immensely proud of Vogue, and moreover, the team who have helped over the last 30 years to build the business and brand – Vogue’s success can be attributed to a perpetual endeavour to provide best-in-class service alongside high-quality products.
“We are also exceptionally grateful to MHA for their advice – we firmly believe that they were critical to achieving a successful outcome. They took the time to understand our business and personal objectives, and always sought to ensure we understood the details of the negotiations and unfamiliar process at every stage.”
Alex Norford, founder of Kartell UK Limited, added : “I am delighted to have concluded a transaction with Vogue. I am confident the acquisition will further enhance Kartell’s position at the forefront of the UK’s bathroom and radiator sector.”
James Lawson, corporate finance partner, MHA, said: “We wish Kartell every continued success, and moreover that Rob and Ray enjoy this exciting new chapter in their careers and personal lives.”