Endless acquires C&F from trade vendor SIG

Following the deal, the newly created business will operate under the Carpet & Flooring (C&F) brand. The GP said in a statement it will invest in the company's operational and commercial activities, with plans to increase its "national footprint" in the coming years.

The investment is the 14th investment from Endless's fourth fund, which held a final close in December 2014. It comes shortly after the GP acquired Scottish luxury toiletries company Arran Aromatics from administrators.

Financial details of the transaction are as yet undisclosed, though, according to SIG's most recent financial results, the division was loss making.

Company
Founded as a division of SIG in 1992, C&F distributes flooring products. It operates from 12 UK sites, with its main distribution centre based in Redditch, the Midlands, and has a headcount of 380. The business generates a turnover of £100m, according to a statement issued by the GP.

People
Endless – Aidan Robson (partner).
Carpet & Flooring - Lisa Tomlin (managing director).

Advisers
Equity – Walker Morris (legal); KPMG (tax).
Vendor – Squire Patton Boggs (legal); PwC (tax).

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• Topics
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• Endless
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