Ocee Design, a UK-based supplier of contemporary commercial furniture, received a £10m investment.
Business Growth Fund invested in the company to support the acquisition of Danish furniture designer Four Design, which has sales throughout Europe and manufacturing partners in North America, China and Australia.
The funding will be used to scale the company’s operations in the UK and internationally.
Led by Chief Executive Officer Alistair Gough, Ocee Design is a commercial furniture market leader with showrooms in Northampton and London. The company currently employs 85 staff, 50 of whom are engaged in the assembly of furniture.
The investment for Business Growth Fund was led by Mark Freer and James Syrotiuk. To support the next phase of growth, Steve Halbert, previous head of UK M&A at KPMG and former Chair and Executive Chair of GVA Grimley and current Chairman at Inflexion backed Alcumus, National Accident Helpline and Safestyle UK, joined the board as Non-Executive Chairman.