Granville Baird leads Paddock MBO

Granville Baird Capital Partners, the international mid-market private equity firm, has today invested ТЃ8.9m in Paddock Holdings Ltd, the UK market leader in the design and manufacture of high quality, multi point door locks. The funding from Granville Baird Capital Partners, alongside senior facilities from the Royal Bank of Scotland, supported the management buyout of the company led by managing director, Nigel Hutchinson, who along with other members of the management team will take a significant stake in the business. Nigel Guy and James Benfield led the deal for Granville Baird Capital Partners.