Thu, 08 Jul 2021 | BUSINESS SALE
Private equity firm Endless has sold British jewellery and silverware business Theo Fennell back to the company’s management. The business, which was founded in 1975, has been acquired by TF Topco, a newly incorporated company backed by founder Theo Fennell and MD Neal Sussman.
Endless acquired Theo Fennell when it backed a management buyout (MBO) in 2017 after the company had fallen into administration. Since then the PE firm has ploughed considerable investment into the company, including a new CRM system to help digitise the business and a website which launched in 2020.
This investment helped Theo Fennell perform solidly during the COVID-19 pandemic and has put the business in what is said to be a stronger position as it returns to management ownership. The Chelsea-based company is known for handcrafted silverware and jewellery that is renowned for its quality, craftsmanship and detail.
Endless partner James Woolley commented: “We are proud to have been associated with this iconic British brand and to have worked alongside Theo and Neal throughout the last four years. During this time, the business has been through a successful operational and sales transformation and we believe the time is right for Theo to return to Management’s ownership.”
Theo Fennell Managing Director Neal Sussman said: “Theo and I are delighted to have been given the opportunity to drive the business forward over the coming years. We both wish to personally thank Endless for all their guidance and support over the last few years, which has helped create a business that is in better shape now than it has been for some time”.
Founder Theo Fennell added that Endless have “established really solid foundations across the whole business over the last few years which leave us in an exciting position to realise the potential of this unique company.”
Find businesses for sale here.
If you are looking for an exit, we can help!
Established in 1956, this family-owned business specialises in quality used cars and 4x4s, serving customers across the UK. Over the decades, it has built a strong reputation for exceptional customer service, reliability, and consistently positive re...
LEASEHOLD
Presently seeking interested parties in a growing South Yorkshire artisan bakery offering multiple sites.
Presently seeking interested parties in this business sale for a garden and greenhouse equipment supplier.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.