London and Edinburgh, 17 January 2022 Cairngorm Capital Partners LLP (Cairngorm Capital) is delighted to announce the appointment of Adam Watson, Sheena Pattni and George Buckle to the firm’s investment team. Following the successful close of its third fund, Cairngorm Capital III last year, Cairngorm Capital has over £400m of committed equity capital to deploy. These appointments strengthen the firm’s capacity to continue its disciplined investment selection and thoughtful buy-and-build strategies, which have delivered very strong returns since the firm’s inception in 2014. Adam Watson joins as Investment Manager from HSBC’s advisory team in London and Sydney, where he [...]

London and Edinburgh, 6 January 2022 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG) has acquired Dougfield Plumbers Supplies Limited (Dougfield), expanding its network of specialist plumbing and heating merchants into Wales and across the South West. Established in 1993, Dougfield Plumbers Supplies is a highly successful independent plumbers merchant supplying trade and retail customers across South Wales and the South West of England. Headquartered in Stroud, Gloucestershire, Dougfield has 10 branches in Swansea, Glamorgan, Gloucestershire, Devon and Cornwall, all stocking an extensive range of plumbing, heating and bathroom products. Dougfield [...]

London and Edinburgh, 16 November 2021 Cairngorm Capital Partners is pleased to announce that its portfolio company, National Timber Group (NTG), a leading, independent, added-value timber processing and distribution group, has acquired Orchard Timber Products Limited (Orchard Timber). Established in 2004, Orchard Timber is a specialist distributor of timber, sheet materials, kitchens, doors, solid wood flooring, and decking, supplying a range of local housebuilders, contractors, and RMI-focused joiners. Orchard Timber is the national distribution partner for Kährs Flooring and Kährs’ largest stockist in the UK, carrying over 20,000m2 of solid wood flooring at any given time. Headquartered in Forfar, Scotland, [...]

London and Edinburgh, 27 October 2021 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG), has acquired Perrys Builders Merchants Limited (Perrys). Established in 2000, Perrys is a one branch builders’ merchant supplying broad range of building materials to trade and retail customers in and around Plymouth. It is a trusted local brand, with a reputation for outstanding customer service. This acquisition continues IBMG’s strategy of developing its divisions through a combination of acquisition, new site development and organic growth. Strategically it fulfils a long standing objective for its south west division, [...]

London and Edinburgh, 22 October 2021 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG) has acquired Sussex Plumbing Supplies Limited (SPS). Established in 2000, Sussex Plumbing Supplies is a highly successful independent plumbers’ and heating merchant supplying trade and retail customers across Sussex and Kent. Headquartered in Polegate, East Sussex, with seven trade counters and four bathroom, heating and kitchen showrooms, SPS has demonstrated strong organic growth since its formation. Following its recent merger with Grant & Stone, this acquisition continues IBMG’s strategy of developing its divisions through a combination of [...]

London and Edinburgh, 18 October 2021 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG) has acquired DW Burns & Partner Ltd (Burns), expanding its network of specialist plumbing and heating merchants. Established in 1963, DW Burns is a highly successful family run plumbers’ merchant and bathroom showroom, supplying both trade and retail customers across Surrey. A trusted local brand with a reputation for outstanding customer service, Burns has trade counters in Woking and Farnham, plus an extensive showroom in Woking. Following its recent merger with Grant & Stone, this acquisition continues IBMG’s [...]

London and Edinburgh, 20 September 2021 Cairngorm Capital Partners is pleased to announce that it has merged two of its portfolio companies, Grant & Stone Group and Independent Builders Merchant Group (IBMG), creating a builders’ merchant group with 123 branches, revenues in excess of £500 million and over 1,700 employees. The new Group extends from Cornwall to Kent and comprises builders’ merchants, electrical wholesalers, plumbers’ merchants, kitchen and bathroom showrooms, roofing merchants, a timber processing site and a dedicated ecommerce business. Both Grant & Stone and IBMG have prospered from Cairngorm Capital’s expertise in supporting their transformational growth. Cairngorm [...]

London and Edinburgh, 11 August 2021 Cairngorm Capital Partners LLP is pleased to announce the successful closure of its third fund1 – Cairngorm Capital III, LP – at its £200 million hard cap. The fund, which was oversubscribed, has already made five investments2. Signalling ongoing confidence in and support for its investment approach, Cairngorm Capital is backed by an array of leading international institutional investors, comprising prestigious European funds of funds, US university endowments and major charitable trusts. Cairngorm Capital is particularly gratified that each of its existing institutional investors increased their commitment for Fund III. The firm’s third fund [...]

London and Edinburgh, 15 July 2021 Cairngorm Capital Partners LLP (Cairngorm Capital) is pleased to announce its acquisition of Munnypot Limited and Whitefoord LLP, to launch Verso Wealth Management (Verso), a wealth management group providing financial advice and investment management, powered by a digital platform. The acquisitions are expected to complete shortly, subject to FCA approval, and mark Cairngorm Capital’s entry into the financial services and wealthtech sectors – a long-held objective of the firm. Established in 2015, Munnypot provides an online investment service that delivers affordable and easily understood financial advice to individuals. Built to comply with the [...]

London and Edinburgh, 1 June 2021 Cairngorm Capital Partners (Cairngorm Capital) is pleased to announce that its portfolio company, Grant & Stone, has acquired Devondale Electrical Distributors (Devondale). This acquisition expands Grant & Stone’s specialist electrical division, complementing the recent acquisitions of builders’ and plumbers’ merchants in the South West of England. Established in 1981, Devondale is the largest independent electrical wholesaler in the South West. Operating from nine branches across Somerset and Devon, it provides an extensive range of electrical and ancillary products to electricians, electrical contractors and facilities managers. Known for its technical expertise and outstanding service, Devondale [...]