Endless's Enact backs Kesslers
Enact, the SME-focused fund managed by Endless, has acquired retail display business Kesslers International.
The deal saw Enact purchase 100% of Kesslers. Following the transaction, the fund will provide capital to support the company's growth in the UK and Europe.
Endless's Enact fund was launched in 2013 with a £10m target and was initially structured to take advantage of the Enterprise Investment Scheme. More recently, the scope of the fund has been extended to invest up to £5m per transaction.
Company
Established in 1893, Kesslers provides permanent point-of-purchase displays and works with retailers to meet their merchandising objectives. Its main services include design, engineering, manufacturing, installation and project management.
The business operates from a manufacturing facility based in Stratford, London. Previous clients include Mars Chocolate, Giorgio Armani, Ralph Lauren and Volkswagen.
People
Enact – Chris Cormack (investment director).
Advisers
Equity – Gordons, James Fawcett (legal); Tax Advisory Partnership, Russ Cahill (tax).
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