Womble Bond Dickinson (WBD) has advised European private equity investor Nimbus on its investment into Hawthorn Timber Limited (Hawthorn), backing the management buy-out (MBO) of the hull-based timber processor and distributor.
Hawthorn is a leading provider of high-quality soft wood based products and sheet materials, operating from five sites in the UK and employing around 120 people. Since its creation in 1953, the business has grown from strength to strength through product innovation, diversification, and exceptional customer service.
Nimbus are very experienced investors in manufacturing with a strong track record in supporting management teams to build strong, market leading businesses. The MBO represents Nimbus’ fourth investment in the UK manufacturing sector following the acquisitions of Halo Foods, Paralloy and Customade Group.
Shawbrook Bank provided both acquisition and working capital finance to support the transaction.
The WBD team advising Nimbus was led by corporate partner Simon Pilling along with legal director James Cook and associate David Ridley. Real Estate support came from managing associate Nicola Guss with partner John Connor and solicitor Jake Unsworth acting on the banking work.