Spectrum leads disposal of Ryness Lighting & Electrical
Spectrum Corporate Finance has successfully completed the disposal of Ryness Lighting & Electrical, on behalf of EPIC Private Equity LLP, to Marlowe Holdings Ltd (Holding Company of Edmundson Electrical).
Ryness was founded in 1961 and has grown to become London’s leading wholesaler and retailer of electrical accessories. The Company operates 18 stores within the M25 which include 12 retail stores and 6 trade counters. In addition, the business has a strong wholesale presence primarily supplying the hotel, hospitality and care sectors.
Ryness is a true specialist in the lamp and lighting sector offering expert guidance in a rapidly changing market place driven by legislation and environmental considerations.
EPIC Private Equity first invested in Ryness in 2003 and continued its support in 2006 when the current Managing Director, James Shortridge, completed an MBO. EPIC approached Spectrum to lead the disposal due to its specialist retail knowledge and partner led approach
“The team at Spectrum applied a rigorous level of detail and energy to the sale of our business. Presentation was excellent and their negotiating skill enabled us to get the result that we wanted.”James Shortridge, Managing Director, Ryness
“We have known the Ryness business for a number of years and it has a unique business model with good growth potential. The sale process was effectively and efficiently managed by Spectrum Corporate Finance which helped ensure an orderly completion with the minimum of disruption.”Roger Goddard, CFO at Marlowe Holdings Ltd