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Portfolio - Woodall Nicholson Holdings Limited
Investment: Woodall Nicholson Holdings Ltd
Deal Type: BIMBO
Activity: Specialist vehicle manufacturer
Equity Investment: £2.0m
Investment Date: July 2013
In July 2013 mpe invested in Woodall Nicholson Holdings Limited.
The business can trace its roots back to 1820 and is the country's leading manufacturer of funeral vehicles. The business is also a leading manufacturer of accessible minibuses and carries out specialist conversions for the 'Blue Light' emergency services.
Since the investment the company made 5 acquisitions grew its turnover 4 times and its profits 8 times.
The group employs 600 staff and operates from 6 sites in the UK and Europe.
In March 2020 mpe sold a majority stake to Rutland Partners by way of a secondary buy out.