News: £1m investment in Logic Office Group
Logic Office Group, the UK manufacturer of contemporary office furniture, is the subject of a £1million buy-in management buy-out (BIMBO).
The current management team will jointly acquire a 40% stake - their first significant investment in the business. This will be complemented by a 60% stake held by a consortium of shareholders headed by office interiors specialist Mike Gardner, and including Black Arrow Group plc.
Mike was invited to invest in Logic Office Group by its founding brothers Arnold and Maurice Edward, who are both in their 80s and taking retirement.
Mike said: "I want to use the knowledge I have accumulated in building Claremont Group Interiors to progress the development and expansion of Logic Office Group.
"I have a track record of spotting the potential of a business and growing it and am very confident of being able to repeat that success with this opportunity."
Logic is based in Hounslow but their manufacturing site is in Hellaby, Rotherham. They employ 60 staff in the manufacture and sale of office furniture, office fit out and refurbishments.
The current management team will jointly acquire a 40% stake - their first significant investment in the business. This will be complemented by a 60% stake held by a consortium of shareholders headed by office interiors specialist Mike Gardner, and including Black Arrow Group plc.
Mike was invited to invest in Logic Office Group by its founding brothers Arnold and Maurice Edward, who are both in their 80s and taking retirement.
Mike said: "I want to use the knowledge I have accumulated in building Claremont Group Interiors to progress the development and expansion of Logic Office Group.
"I have a track record of spotting the potential of a business and growing it and am very confident of being able to repeat that success with this opportunity."Logic is based in Hounslow but their manufacturing site is in Hellaby, Rotherham. They employ 60 staff in the manufacture and sale of office furniture, office fit out and refurbishments.
Logic Office Group website
RotherhamImages: Logic Office Group
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