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The corporate team advise Just Trays on secondary MBO

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A multi-million pound investment has been made by Maven Capital Partners to back the management team of Yorkshire-based Just Trays (JT) to acquire the business from Gresham Private Equity.

JT was established in 1988 and has since grown to become the UK’s leading manufacturer of shower trays and related accessories, with all product design, development and production undertaken at its main facility in Leeds.

Under the current management team, which previously led an MBO backed by Gresham and RBS in 2006, the business has demonstrated its resilience within a market impacted directly by the UK recession.

The investment from Maven Capital Partners will help JT to pursue its growth strategy, which is focussed on increasing sales through export markets as well as developing new routes to market and expanding its current product range.

The management team was advised by Hamish Morrison and Matt Scott at BHP Corporate Finance, with legal advice from Richard Moran and Rachel Dean at Clarion.

>For the full story please visit The Business Desk