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Walker Morris advises on the sale of Buoyant Upholstery

Walker Morris has advised Joel Rosenblatt, NVM Private Equity and the management team on the sale of Buoyant Upholstery to Ashwood Designs Group.

Founded in 1909, Buoyant Upholstery is one of the UK’s leading upholstered furniture manufacturers, employing more than 550 people and manufacturing the majority of its products in the UK. The business has developed a strong reputation for quality, serving major retail customers and independent stockists nationwide.

The transaction marks the successful exit of NVM Private Equity’s investment in Buoyant Upholstery. Buoyant’s executive leadership team, including CEO Mike Aramayo, will remain with the business on its next phase of growth.

Walker Morris advised Joel Rosenblatt, Mike Aramayo and the rest of the management on the original buyout of Buoyant 13 years ago.

Corporate Partner John Hamer led the Walker Morris team on the transaction, with support from Marianne McKeown (Senior Associate, Corporate), Nick Lowe (Associate, Corporate), Charlotte Anderson (Director, Tax) and Rebecca Orange (Associate, Banking & Finance).

Walker Morris advised the existing shareholders on all legal aspects of the transaction.

John
Hamer

Chair of the LLP, Partner

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Marianne
McKeown

Senior Associate

Corporate

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Nick
Lowe

Associate

Corporate

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+44 (0)113 283 2665

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Charlotte
Anderson

Director

Tax

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