News Room

Recapitalisation of Styles & Wood

Aberdeen Asset Managers Private Equity has successfully recapitalised Styles & Wood in a deal supported by Royal Bank of Scotland. This is following the strong growth in the business since Aberdeen led a Ł33 million capital release and secondary buy-out in May 2004. The deal has permitted a full return of Aberdeen's original investment together with an increased stake in the business going forward.

Styles & Wood is the UK's leading independent provider of retail fit-out and property services. Its customers consist of high street names such as Marks & Spencer, John Lewis, Tesco and Barclays. The business has four core business divisions namely Storeplanning, Storefit, Storecare and Storedata. The business provides a full-range of property related services from planning and fit-out to ongoing property management services. For the year to December 2005 the business had a turnover of Ł170m. Further growth will come from development of the service side of the business together with the enhancement to the business's 'Customer for Life' philosophy.

Neil Davies, Chief Executive, Styles & Wood, commented:

"I am extremely pleased that Aberdeen have backed management again as we move the business forward into its next phase of growth".

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