MBO of Conibears

Conibears, a nationwide supplier of product to the residential house building and agricultural sectors, has been acquired by its management team.

Crediton-based Conibears is the largest stockist of Cedral cladding product in the UK, supplies a range of other products for the residential building sector and is the southwest’s largest supplier of agricultural fibre cement roofing.

The business was established over fifty years ago, with this transaction ensuring ownership remains in local hands and providing continuity for Conibears’ customers, employees and suppliers.

Alistair Magor, the Managing Director of Conibears, said “We are keen to build on the foundation laid by the founders of Conibears and are excited about our future growth plans. It is very much business as usual for Conibears and we will continue focusing on providing a quality service to our customers.”

The transaction allows the founders to hand the business over and enables the business to continue to provide its services to customers in an undisturbed manner.

Isca Ventures acted as the lead corporate finance adviser on the transaction, with legal support provide by White Jackman.

Isca Ventures were instrumental in both putting this management buy-out together and delivering the transaction for all involved. We cannot fault the team at Isca Ventures and would recommend them to other management teams and business owners contemplating such a transaction.

Alistair Magor, MD, Conibears