EPE Special Opportunities buys furniture business – EPE Special Opportunities says that, on 18 December 2017, it completed an investment in David Phillips Holdings Limited.
EPIC Private Equity describes David Phillips, which was established in 1998, as a market leading business-to-business provider of furniture and furnishing services to the UK property sector, supplying owners, managers, agents and developers in the residential, student accommodation and social housing sectors. It says that David Phillips has achieved significant historic growth as a result of the resurgence of the Private Rented Sector and the emergence of Build-to-Rent development. The prevailing socioeconomic dynamics favouring rented property in the UK are expected to support the future growth of the company.
EPIC goes on to say that the acquisition is consistent with ESO plc’s focus on investing into small and medium sized enterprises (“SMEs”), partnering with management teams to create value through long-term business transformation.
The size of the transaction has not been disclosed.
David Phillips describes itself as “the UK’s largest and most resourceful furnishing and specialist services provider to property professionals nationwide. Founders David and Phillip pioneered the concept of delivery, assembly and installation of replenishment products the next working day. Since then we have progressively expanded and added additional services – recently entering CityAM’s Leap 100 list of the most exciting, fast-growing companies to look out for in 2016. We have a deep understanding of the UK property market and work with PRS funds, individual investors, developers, estate and letting agents, property managers and institutional investors to help them make the most of their investments.”
ESO : EPE Special Opportunities buys furniture business