Ethos is pleased to announce the buyout of Norwegian Log, the UK-based designer and manufacturer of premium log cabins and buildings.
Based in Reading, Norwegian Log design, manufacture and supply a range of bespoke premium log building products to both private and commercial customers, across a range of end user verticals throughout the UK. They offer timeless traditional and stylish contemporary ranges that are adapted for a variety of uses, including ‘granny annexes’, garden rooms, log homes and cabins and holiday cabins.
The buyout was led by Ed Taylor (Sales Director) and Paul Williams (Contracts Director). The transaction facilitates an exit for the founding shareholders Mark Chatfield and Nick Forrester.
The transaction was led by Ethos Partners, whose principals and HNW investor base provided equity funding to support the acquisition. Ethos Partners is a private investment office set up by private equity professionals to provide £3-10m of supportive equity capital to established, ambitious UK companies.
Ed Taylor, CEO, said:
“I am delighted that Ethos have invested in Norwegian Log to pursue our growth strategy over the next few years. Having worked closely with Ethos over the last few months, I know they share the same level of ambition as Paul and myself.”
Scott Bannerman, Investment Director at Ethos, commented:
“We are delighted to have completed our investment into Norwegian Log and look forward to supporting the management team during the business’ next phase of growth. Under Ed and Paul’s leadership, Norwegian Log is well placed to build on its existing success, delivering premium bespoke log building products to customers nationwide.”
Ethos was advised on the transaction by Crowe (financial), Latitude Consulting (commercial), Confidas People (management), and Harrison Clark Rickerbys (legal).