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Adam Street is pleased to announce that it has advised The New Craftsmen on raising growth capital
Adam Street Advisers (“Adam Street”) is pleased to announce that it has advised the shareholders of The New Craftsmen Limited (“TNC”) on raising growth capital backed by a family office with UK and Australian interests.
TNC is a tech-enabled platform which curates, commissions and sells unique contemporary objects that are rooted in craftsmanship and narrative. Spanning furniture, lighting, textiles, gifts, ceramics and decorative accessories, the range is made by a network of over 100 exceptional makers across the British Isles. The business also benefits from a 2,000 square foot showroom in Mayfair.
Amir Tayebi of Adam Street, said of the deal “TNC is a unique business supporting British craftsmanship backed by an excellent management team. A significant portion of turnover is generated from abroad which is a testament to the high quality and strong demand for British craft. Throughout our process, we had interest from both institutional and family office investors. It has been a pleasure working with Mark and Managing Director, Yelena Ford, and we look forward to working with them again in the future.”
Mark Henderson, Co-Founder and Chairman of TNC, commented “We found Amir and the team at Adam Street extremely professional – they assisted us in putting together a compelling narrative and were quick and efficient as we moved to closing the financing.”
Adam Street Advisers is a London-based corporate advisory boutique with a proven track record of advising clients on achieving the highest possible value on the best terms for their business. We specialise in working with entrepreneurs and family-owned businesses on selling and acquiring businesses, advising on raising growth capital from private equity and venture capital funds, family offices and alternative debt providers.
For further information contact:
Adam Street Advisers