9 July 2018
NorthEdge Capital has announced the close of NorthEdge Capital SME Fund I, LP (“SME Fund I”, “the Fund”) at its £120 million hard cap. The Fund was raised from existing investors and enables the firm to broaden its ability to take advantage of attractive investment opportunities in the U.K. regional lower mid-market.Find out more
TKC is an established supplier to the fitted furniture industry.
Denton-based TKC is a specialist distributor of kitchen and bedroom doors and other components, sourcing the majority of its products from Italy. It currently employs 128 staff and supplies to independent kitchen retailers, manufacturers and local installers. Established in 1989, the company has experienced strong revenue growth, with turnover reaching £19m in the year to September 2015.
NorthEdge’s investment will allow TKC to continue to increase its presence across the UK and grow its share of the specialist kitchen and bedroom door and components market.
TKC is looking to further strengthen its presence in the UK through investment into products, people and infrastructure. It is also aiming to enhance its digital offering to incorporate an online ordering platform that will optimize the customer experience.
Tom Kelly, Founder of TKC, said: “This deal is the start of a new and exciting chapter for TKC. I’ve been involved with the business for over 25 years and have seen the company grow to become one of the UK’s leading suppliers to the kitchen industry. TKC is supported by a hard working team that keeps the customer at the heart of everything they do, and we’re all determined to take the business to the next level with NorthEdge on board.”