Kurt Salmon recently performed a successful commercial due diligence for Cairngorm Capital, a specialist private investment firm providing equity capital and management expertise to leading UK companies.

Cairngorm Capital has announced a significant majority investment in Polyframe Group Limited (Polyframe), in support of a management buy-out by its executive team. Established in 1992 in Halifax, Yorkshire, Polyframe is the UK’s largest independent manufacturer and distributor of trade windows and doors. It operates four manufacturing facilities producing windows and composite doors for the installer market and has 12 trade centres distributing its products to smaller builders or local tradesmen. Collectively Polyframe employs 470 staff across the UK and will generate revenues in excess of £50m in 2016.

Kurt Salmon’s commercial due diligence advice for the transaction focused on the trade/ retail part of the business.