Clearwater International advises private shareholders on the sale of Polyframe Holdings Group to Cairngorm Capital and management

Clearwater International has advised the shareholders of Polyframe Holdings Group (Polyframe) on its sale to private equity firm, Cairngorm Capital and management.

Polyframe was established in 1992 with the vision of offering an unrivalled level of reliability, flexibility and customer service, along with the most extensive product portfolio within the PVCu and aluminium sector. Since then Polyframe has grown into one of the largest manufacturing companies of PVCu and aluminium windows, and composite doors for trade customers in the UK, with a group turnover exceeding €58m.

The acquisition, led by Ian Macdougal, Polyframe’s CEO, was prompted by the retirement of Founder and Chairman, Martyn Buckley.

Cairngorm Capital’s investment is the first equity investment from its debut fund Cairngorm Capital Partners I, L.P. The investment is representative of Cairngorm Capital’s ethos of actively partnering with management teams to provide operational expertise as well as financial support.

The funding also supports investment in new equipment and capacity expansion to accelerate future growth.

The Clearwater International team was led by Partners Jon Hustler and Rob Britton, alongside Senior Associate Stephen Nemeth.

“Having built my company to become the industry leader over the past twenty-five years, it is pleasing to pass it on to such a strong management team. The team at Cairngorm Capital has demonstrated flexibility, integrity and determination in completing this investment despite the turbulent financial markets following the Brexit vote.”

Martyn Buckley, Founder of Polyframe

“Polyframe is a very successful business which we believe, with the strategic investment by Cairngorm Capital will go from strength to strength.”

Jon Hustler, Partner, Clearwater International