BGF invests £2.7m in The Paint Shed

The funding will support the roll out of five new stores, with sites planned in Scotland and England.  Meanwhile, the investment will grow the company's online presence and e-commerce capabilities. The company is planning to create an additional 20 jobs over the next 24 months.

Graham Clarke, a BGF investor, will join the board. In addition, The Paint Shed has appointed Angela Luger, former CEO of N Brown, as non-executive chairperson following an introduction by BGF.

Company
The Paint Shed was founded by Ogilvie Rolland in 1995 and sells a wide range of branded trade paints and accessories to independent painters and decorators and retail consumers via its e-commerce site and through its network of 15 stores across central Scotland. It is based in Stirling.

People
BGF – Graham Clarke (investor); Patrick Graham (head of central Scotland and Northern Ireland).
The Paint Shed – Ogilvie Rolland (founder, executive chairman).

Advisers
Equity – CMS Cameron McKenna Nabarro Olswang (legal); Mazars (tax); John O'Kane (financial due diligence).
Company – Addleshaw Goddard (legal).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• BGF (Business Growth Fund)
• Addleshaw Goddard
• CMS Cameron McKenna