UK - Northern Venture Managers acquires clothing retailer Nightingales

Northern Venture Managers (NVM) has acquired Nightingales Ltd, a long-standing and well-established mail order clothing retailer, through a management buy-in. NVM have invested ТЃ5m in return for a significant stake in the business. The transaction was originated by Grant Thornton Corporate Finance in Birmingham who also sourced the buy-in team led by Tony Lahert. The business is being purchased from founders Louise and Phillip Stevenson.