Quantuma advises on the sale of Hertfordshire specialist bathroom retailer (Project Aqua)

Advisory services

April 1st 2019

Quantuma provide lead financial advice to the shareholders of Project Aqua.

Business advisory firm Quantuma are delighted to have provided lead financial advice to the shareholders of Project Aqua on their sale to a private investor group. The sale will help the shareholders retire from the business and enable them to pursue other interests.

Founded in 1983, the company has provided outstanding bespoke home interior design services for retail customers and tradesmen alike. It has a long-standing supplier and client base comprising key property developers in the region. Strong market growth and high barriers to entry have resulted in the business enjoying stable growth and a growing pipeline in the retail business.

The business benefits from a fully-fitted showroom that displays premium products from reputable wholesalers. It also has exclusivity within a 15 mile radius for certain flagship products supplied by major manufactures. The company boasts a highly-skilled design team who provide bespoke design services that take customers from concept through to delivery.

The deal will enable Aqua to fulfil its potential under new ownership by launching an ecommerce sales channel as well as introducing a sales and marketing engine.

A Quantuma team led by Fardeen Nariman and Mihir Shah advised on the deal.

Fardeen Nariman, Director at Quantuma, said:

“We are delighted to have been able to assist the shareholders on an exit that will enable them to pursue other hobbies and interests. The deal struck will provide fresh impetus and direction to the company, enabling them to further expand on its product portfolio as well as geographical footprint.”

Managing Director of Aqua, commented:

“Fardeen and Mihir have delivered a great result for the management team and the business. They ran a smooth process with no surprises and we are very grateful for their hard work in getting this deal completed.”

Quantuma has advised on a series of high-profile deals over the past year, including the management buyout of Total Rail Solutions backed by Rutland Partners, the sale of ILG to Yusen Logistics and two acquisitions by Whistl in the e-fulfilment sectors.