Nimbus Acquires Majority of Customade Group (with financing from MidCap Financial)

June 30, 2020

Nimbus, together with financing partner MidCap Financial, has agreed to buy the majority of the Customade Group out of administration, forming a new group that includes Virtuoso Doors, Norwich PVCu, Stonehouse PVCu, Real Aluminium, Atlas, Fineline Aluminium and Stevenswood. The transaction preserves over 800 jobs and positions the business for recovery and future growth under a new management team led by CEO David Leng.

Buyers
Nimbus, MidCap Financial
Targets
Customade Group
Sellers
Customade Group's administrators
Location
United Kingdom
Transaction Type
Buyout

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