MBO of Rowan International backed by Connection Capital

We have advised Connection Capital and the Newco group on the management buyout of Rowan International.

Rowan International is one of Europe’s largest residual stock management distributors, which specialises in buying and re-selling branded goods to the discount market. The business was founded 30 years ago and has strong relationships with many of the leading industry brands, including Johnson & Johnson, Unilever and Procter & Gamble.

The Corporate team, led by partner Tom Rush, advised Connection Capital and the Newco group on all legal aspects of the deal. This included a comprehensive due diligence exercise, the £5m investment, acquisition negotiations and execution of the deal.

Investment director for Connection Capital, Pascal Wittet, said: “Rowan International is a highly cash generative business, trading strongly and is led by a driven management team who have what it takes to harness its significant potential for further growth.”

Partner Tom Rush, said: “This is a great investment for Connection Capital and was very attractive to its investor clients. Connection Capital were able to offer practical expertise to Rowan International by introducing highly experienced Chairman, John Cleland, and I wish the business well with its future growth.”