Homelux

In 2013 Maven led the successful partial exit from its investment in Homelux Nenplas, via the sale of the Homelux Division to US firm QEP Company Inc. Homelux is a leading global supplier of tile accessories to the DIY and professional market. Specialising in the marketing and merchandising of kitchen and bathroom products, the business supplies home improvement outlets across the UK, Europe and North America.

Since the team at Maven supported the management buyout of the business in 2006 the company grew quickly and following a strategic acquisition the group increased turnover to almost £20 million at the time of Maven’s exit. The multi-million pound disposal of Homelux was completed alongside a secondary buyout of Nenplas by Maven and the existing management team. The exit from Homelux generated a 3.8x money multiple return for investors.