BGF provides growth funding for RMS

With the fresh capital, the company will fund infrastructure developments and expand overseas. The management team is looking to pursue further expansion in the licensed brand product category, as well as continued development of RMS's multiple brands.

Following an introduction by BGF, RMS has appointed Stuart Rose, the former chairman of toy group Hamleys and former managing director of The Body Shop, as chairman.

BGF provides growth capital in return for a minority stake to small and mid-sized businesses with revenues of between £5-100m. It initially invests between £2-10m and can provide additional funding later on.

Company
Founded in 1982 and headquartered in Manchester, RMS employs 130 staff and designs, sources and distributes toys, craft equipment, stationery and licensed products. The business has offices in Miami, Boston, Hong Kong, Shanghai and the Netherlands.

RMS also develops products under its own brands: Grafix, Blocktech, GL and Games Hub.

People
RMS International – Tyrone Farber (CEO).
Business Growth Fund – Matt Widdall (investor).

Advisers
Equity – Pinsent Masons (legal); Grant Thornton (tax).
Company – White & Company (financial due diligence); DWF (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Industrials
• United Kingdom