MML Capital supports MBO of Blue Max Banner

Following completion of the deal, Blue Max Banner will seek to expand both organically and via bolt-on acquisitions.

The company acquired competitor The Banner Group in 2010, creating a company with a turnover of £26m. It previously bought Stag Knitwear and Medallion Sportswear in 2006.

MML has been particularly active throughout the summer months, taking a minority stake in the merger of catering companies CH&Co and HCM, in addition to promoting Richard Mayers to partner in its London office.

Debt
Barclays provided a debt package to support the acquisition.

Company
Founded in 1987 and headquartered in Trowbridge, Wiltshire, Blue Max Banner supplies school uniforms. The company distributes its products to around 2,000 UK retailers.

People
MML managing partner Bal Johal and partner Luke Jones will take seats on the board at Blue Max Banner. Edward Baker, an investment manager at the firm, also worked on the deal. Nigel Plenderleith is CEO of Blue Max Banner.

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• Topics
• UK / Ireland
• Consumer
• Buyouts
• United Kingdom
• MML Capital Partners