Paramount Office Interiors completes MBO
Cardiff-based workplace design, fit-out and furniture specialist Paramount Office Interiors has been acquired in a management buyout (MBO).
Paramount’s Managing Director Richard Jones led the management team on the buyout. Clients include ITV, Office for National Statistics, GoCompare, S4C, KPMG, The Royal Mint and WRU with the company now aiming to build on their success; exploring future expansion plans and new markets.
Advised by Blake Morgan, previous owner Nigel Roberts will remain involved as the non-executive chairman of Paramount Office Interiors in addition to his role as Chairman of Cardiff Parkway Developments Ltd.
Nigel Roberts said: “I would like to thank James Williams and his team at Blake Morgan who have once again supported me on a major transaction. Their proactive approach, expert advice and professionalism, along with a little humor, was invaluable in getting this deal over the line. I am also looking forward to continuing to help Richard Jones and the great team at Paramount with their plans to expand and grow the business.”
Managing Director Richard Jones said: "I am very excited about what the future will hold for Paramount, myself and the management team as a result of the MBO. We have an exceptional team of people, strengthened by our recent investment in new young talent within our Sales and Design teams, who take a huge amount of pride in working together with our clients to ensure we achieve the highest possible standards.
"The MBO allows us to invest further in our people, our facilities and the service that we provide to our clients to ensure that we continue to be one of the best in our field."
James Williams of Blake Morgan advised Nigel and Bridget Roberts. He said: "Paramount Office Interiors has developed a UK-wide reputation for creating innovative workspaces that transform businesses.
“We’ve been very proud to advise Nigel and Bridget on the sale of the business and look forward to continuing to support Nigel in relation to his role as Chairman of Cardiff Parkway Developments Limited. We wish Richard and his management team every success as they embark on the next phase of their growth strategy.”
Blake Morgan has an enviable reputation for building lasting relationships with businesses and the people who run them. The corporate team is acknowledged within the legal industry and in the independent legal directories, for providing a first-class level of service across a wide range of transactions including mergers, acquisitions, sales, private equity and joint ventures.