KBS Corporate Announce the Sale of JHR Educational Ltd
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KBS Corporate has assisted in negotiations to complete the deal for JHR Educational Ltd, trading as Playground Basics, which sold to Demco Europe Ltd on March 1st 2013 for an undisclosed sum.
Demco is part of the £23 million turnover Wall Family Europe Group, which in turn is part of USA based Wall Family Enterprise, which operates through eight subsidiaries and generates a combined annual revenue of nearly $200 million. A market leading library and educational resources distribution company, Demco operates through a number of prestigious brands including Gresswell, Storysack, LFC, Demco France, Demco Interiors, Articles of Faith, Demco Germany, StartRight, and Boo Zoo.
Using its extensive experience, the company works with a wide range of professionals across the globe providing solutions in public, educational, academic and commercial sectors. Their ultimate vision and objective is to become the preferred specialist product and service supplier to all libraries, universities, colleges and schools across Europe.
Playground Basics is a trading name of JHR (Johnson Haigh Rogers) Educational Ltd with an annual turnover of £1.7m. The company provides a comprehensive and unique range of learning resources for nurseries and primary schools. Their exclusive designs, manufactured using the latest digital technology will ensure that the Playground Basics brand of Demco will perfectly compliment the other brands available. JHR will gain the advantages available under the cloak of a larger parent group including access to larger contracts and supplier channels and aggressive expansion into other as of yet untapped markets. The investment provided as a result of the acquisition of JHR will ensure its continued growth and development.
Key to negotiations was Matthew Clancy, Operations Director at KBS Corporate. Matthew comments “I am delighted with the overall deal structure obtained for our clients, offering them the exit they so desired, and the necessary investment to take the company to the next level, continuing to build upon its existing success and outstanding industry reputation.”