Westbrooke Alternative Asset Management UK (“Westbrooke”) is pleased to announce the provision of Senior Debt facilities to support Novastone Capital Advisors’ (“Novastone”) acquisition of Forza Doors Limited (“Forza”).
- High-accreditation technical products – Forza supplies products accredited to the highest level of fire certification standards, using lean manufacturing processes to a wide range of Tier 1 and 2 contractor customer base.
- Strong growth prospects – underlying market growth driven by tightening regulatory requirements in respect of fire-rated building materials.
- Senior secured debt financing– Westbrooke led-arranged stretch senior term debt financing to support the acquisition of Forza.
Headquartered in Horsham, West Sussex, Forza employs c200 people in developing, manufacturing and distributing fire-rated and non-fire rated door-sets to UK commercial and residential construction markets.
This transaction will see experienced operator, Will Hunnam, buy into Forza as CEO with backing from Novastone, a Swiss based investment consortium of Family Offices, supported by the existing second tier management team, who will be remaining post transaction.
Kieran McKenzie of Westbrooke Hybrid Capital UK commented, “We are really pleased to be working with Will and Novastone for the first time. We look forward to supporting Will over the coming years as he continues to build Forza’s impressive growth trajectory.”
Will Hunnam, incoming CEO said, “It’s been a great working with the Westbrooke team to bring this transaction together and having them alongside us as our debt partners going forward. Their pragmatic approach has allowed us to acquire Forza, a leading supplier of premium fire-rated products in this growth sector. We are focused on growing Forza – and the relationship with Westbrooke – in the coming years.”