Home / Knowledge / News / Apparel/Garments / Clothing specialist Howfleet says thanks to Harvey Ingram for their sound
Clothing specialist Howfleet says thanks to Harvey Ingram for their sound
23
Jul '09
Howfleet, a business which supplies specialist cloth and clothing for industrial, military, police and emergency service use, has been bought by its management. The corporate finance team at Grant Thornton in Leicester advised on the deal, with legal advice from Harvey Ingram.

Based at Market Harborough in Leicestershire, Howfleet was established in the early 1990s to source cleanroom clothing from China. It has grown steadily, broadening out into a variety of advanced performance garments and cloths plus the design of clothing for a wide range of technologically-demanding markets. Its partner factories are now located in India and the Middle and Far East.

The fabrics and garments Howfleet works with have advanced material features which include being breathable, anti-microbial, anti-odour, moisture management and contamination prevention.

The management buy-out team includes financial director Annette Little and operations director Kevin Randle. The business employs 10 people in Harborough, with the products designed in the UK. The founder Doug Gill, who lives near Harborough, and his family sold the business to the management team as part of a natural process of succession.

Kevin Randle said the business was immediately looking to expand, with three new business development jobs to be created in the next few months. He added: "We are looking to grow further in the UK and slowly into Europe. We have a plan in place to expand the business into new product sectors, including fashion."

Kevin added: "We have never really gone out to aggressively promote the business, thanks to organic growth. Now we will look at how we can significantly grow in a strategic way, and we have a great business with great people and are bringing in the relevant expertise to enable us to do that."

Ivan Trevor, senior manager at Grant Thornton in Leicester, led the corporate finance advice, assisted by James Coultas. Ivan said: "We are pleased to have helped the new team at Howfleet, which is an excellent business with the ambition to grow and develop for an even more successful future."

Harvey Ingram partner and corporate finance specialist John Stobart provided legal advice. John said: "We were delighted to be able to work with this established client on a deal which develops their business. We were able to overcome some technical hurdles and despite the current economic situation it was completed relatively quickly. Howfleet is an extremely well run business in a sector with which we have strong connections. It is part of the specialist design and clothing sector and has enormous potential. We are looking forward to assisting it to grow."

Kevin Randle praised the advisers who worked on the MBO: "Our thanks go to Grant Thornton and to Harvey Ingram for their sound and practical advice which enabled us to complete an excellent deal for all parties."

Harvey Ingram LLP

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search