Connection Capital invests £3.7m in Kit for Kids

The new funding will enable the company to meet increasing demand from its existing retail customers such as John Lewis, Mothercare and Babies'R'Us. It will also expand into export markets.

The GP was attracted to the product and customer diversification the company has obtained through its line of educational products sold to schools and nurseries.

Company
Founded in 1993 and based in Sevenoaks, Kit for Kids now has operations in Dubai and the US and trades in 30 countries. It started out making educational toys and made its first mattress in 1997; the company now offers a range of mattresses, outdoor play items, soft furniture and classroom furniture, among other children-focused products. It recorded a turnover of £6.3m in 2016 with an operating profit of £1.8m and employs 29 people.

People
Connection Capital – Luke Matthews (investment director).
Kit for Kids – Jan van der Velde (CEO).

Advisers
Equity – Gateley (legal); Grant Thornton (financial due diligence); Claritas (tax due diligence); Highwire Consulting (management due diligence).
Company – Castle Corporate Finance (corporate finance); Thomas Snell & Passmore (legal).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• Venture