- Type of finance
Equity and loan
- Business need
Buying a business
“We are a close knit family run business that has Nolan’s values and principles at the heart of all that we do. The funding from the Development Bank of Wales has made this deal possible and their ongoing support as a shareholder means that we are really looking forward to what the future holds.”
A Carmarthen carpenter has helped his management team to complete a multi-million management buy-out (MBO) of the double glazing company that he set-up in 1989.
Funded by the Development Bank of Wales with a mix of loan and equity, the management team of award winning Nolan uPVC has bought the business from the founder, Nolan Nicholas.
The MBO team of Paul Murphy, Adrian Phillips and Jason James have over 80 years combined experience with Nolan.