Banner acquires Monkhouse

Isca Ventures has advised Banner, one of the leading school uniform and sportswear suppliers in the UK, on its acquisition of F.R. Monkhouse Ltd.  F.R. Monkhouse is one of the largest independent retailers in the UK.

Funded by growth capital investors MML Capital Partners, the acquisition represents a key step in Banner’s strategy to be the market leader in the supply of both uniform and sportswear to the schoolwear industry.

Al Halcrow project managed the transaction on behalf of Banner and provided Commercial Due Diligence.

Glenn Leech, Chief Executive of Banner said: “This acquisition provides many exciting opportunities for the combined business and will give us valuable insights into how we can further improve our offer.  It was important to complete the deal as swiftly as possible to enable both ourselves and Monkhouse to focus on delivering high standards of service to all customers during the busy Back to School period.”

Al Halcrow, Director at Isca Ventures, commented: “It was a great pleasure working with the team at Banner who have a clear strategy for growth. Monkhouse will provide a key platform for the future success of this dynamic business.”

The support of Isca was critical in both bringing depth to our evaluation of Monkhouse’s retail offering and adding the project management capacity we needed to get the deal done in a tight timescale. Al and Matt have been excellent.

Glenn Leech, CEO, Banner