Brabners advises on Tetrad sale in the North West

Wed, July 19th, 2017

Furniture maker Tetrad has been recently acquired by NorthEdge Capital.

Established 45 years ago, Tetrad specialises in the manufacture of quality sofas, chairs and stools and has annual turnover of £17m. Following the takeover by Belfield Furnishings, products will continue to be made at the Swan Street facility, using the finest materials available and will be sold through the existing sales channels.

Janus Cooper takes the role as managing director for Tetrad Limited as part of the Belfield Group.

Belfield Furnishings is based in Derbyshire and makes upholstered furniture, cushions, mattresses and window coverings. The Group secured funding from private equity firm NorthEdge Capital in a management buyout in July 2016.

Belfield Furnishings currently has an annual turnover of almost £200m and employs about 2,000 staff across the UK and Romania.

Brabners' Corporate and Corporate Finance teams, led by Mark Rathbone and Paula McGrath respectively, worked together in advising firstly Tetrad, and then its shareholders, on the deal.

Mark comments: “We have been delighted to act for the shareholders of Tetrad Limited in their sale of the company to Belfield. We acted for the shareholders on a restructuring and buy out three years ago and are delighted with the speed of turnaround and growth in the business achieved by the management team since then. Belfield is an excellent fit for the business, which I am sure will thrive under its new ownership.”

Paula added: “Brabners is delighted to have had the opportunity to work with Tetrad and the shareholders on this disposal. The success to this transaction was to assist in delivering a deal for all the shareholders and utilising our combined expertise of Legal & CF skills helped us to achieve that. We wish Belfield every success in the future.”

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