Canburg, a UK-based luxury fitted furniture company, secured an £8m investment from Business Growth Fund (BGF).
BGF took a 20% stake in the company to accelerate its UK and international growth, creating up to 40 jobs at its UK showrooms and the workshop in Devizes, Wiltshire, and overseas.
Established in 2009 by CEO Leo Caplan, Canburg operates Smallbone of Devizes, a global luxury kitchen company, and Mark Wilkinson Furniture, which offers classic and contemporary furniture.
Following a successful restructuring programme, the group made sales of almost £30m in the 12 months to 30 June 2013. Profits are expected to have increased to over £3m EBITDA in the year to June 2014.
FinSMEs
14/09/2014