Wed, 12 Feb 2025 | BUSINESS SALE
TBG Furniture has secured new private equity backing from Blandford Capital. They have acquired the Belfield Group business providing an exit for private equity peer NorthEdge Capital.
TBG makes upholstered furniture and soft furnishings. It comprises Westbridge Furniture, Tetrad, Belfield Leisure and Clinchplain. It supplies the UK and export retail, leisure and furniture trade sectors from its sites in North Wales, Lancashire, Derbyshire and Romania and employs almost 1,000 people, generating revenues of about £85 million per year.
It makes many of the sofas, armchairs, mattresses and bedding systems sold by the UK’s largest retailers, both in-store and online. It is also prominent in the leisure market making soft furnishings, curtains and beds for caravans, motorhomes and lodges sold by the UK’s largest leisure retailers, caravan parks and holiday villages. It mainly works with British suppliers.
Chief executive Tom Prestwich and the management team will continue to lead the business under the new ownership.
"We are delighted to be working with the Blandford team during this exciting next phase of growth," said Prestwich. "We will continue to provide an incredible service with passion and enthusiasm, delivered by a highly skilled team. Together we look forward to designing, building and selling beautiful products to our strong client base and achieve success into the future."
Neville Kahn, a founding partner of Blandford Capital, added: "We are thrilled to partner with TBG. TBG has an unmatched reputation in the UK for providing high quality upholstered and soft furnishings. We look forward to working with Tom and the talented TBG team to maximise the many opportunities in the UK and export upholstery markets."
Keven Parker, managing partner at NorthEdge, said: "We have enjoyed a long partnership with the Belfield Group, and we look forward to seeing the business and its team continue to grow alongside its new partner, Blandford."
Find out more about a rise in PE exits
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