On with the show as Finance Wales investment finances MBO at Denbe Western
Denbe Western is pressing ahead with its expansion plans
following a management buy-out (MBO) backed by a £140,000 debt
investment from Finance Wales.
Operations Director, Ian Bancroft and Rebecca Coleshill have
acquired the Cardiff-based one-stop events and exhibition
business. Bancroft has been involved with the business since
it was established in 2004 and will take over as Managing
Director. Coleshill will become Commercial Director. Bancroft
and Coleshill have acquired the business from former Managing
Director, Colin Watkins and Creative Director, Alex Jenkins.
Denbe will also use the investment to grow its blue chip UK
client base, having recently secured a number of new exhibition
stand building contracts with R&G Racing, Lloyds TSB and Hobbs
Valve. Denbe Western’s loyal client base includes local
authorities, retailers and universities. The company has built a
strong reputation for providing a one-stop events and exhibition
service and has successfully expanded its services to include
building competitively-priced bespoke exhibition stands. This
is proving attractive for many of its clients.
“We’re really excited by this MBO. Denbe Western provides
a unique one-stop service to its many loyal clients and we believe
it has great potential to grow,” explained Bancroft. “We’ve
recently expanded into new markets and Finance Wales’ investment
will enable us to grow our market share even further. It will
also provide us with enough working capital to achieve our
Commenting on the investment, Rhiannon Wilkinson, Investment
Executive at Finance Wales, said: “Finance Wales is pleased to
invest in this MBO. Denbe Western has a strong management team with
extensive industry experience. The company has some exciting
future plans and is now well-placed to grow in the next few years.
Denbe Western is well-established and an MBO was an excellent
option when two of the company’s existing directors wanted to
retire from the business. Our investment means the company is
now in a strong financial position to achieve its plans.”
Headquartered in Cardiff, Denbe Western has an annual turnover
of around £1million. The company was formed by the
acquisitions of Denbe Display and Western Event Hire.