We invest up to £10m of equity per transaction, acquiring and supporting UK business. We have a passion for helping businesses grow and develop. We consider the following types of transactions:
We acquire non-core subsidiaries & help facilitate carve outs, offering speed, discretion and certainty for sellers.
We can provide a range of solutions for owner-managers looking to retire – from the standard to the unconventional.
We back management teams to acquire the businesses they run and support them in taking their business to the next level.
We rescue & support struggling companies; from event led & short term distress to acquisition out of insolvency.
Max Equity Investment per Acquisition
Enterprise Value Up To
Fastest Time to Complete
We have 6 platform businesses in our portfolio with a combined turnover in excess of £100m.
Tobar is a retailer and wholesaler of toys and gifts based in Norwich. It specialises in offering innovative and exciting products with high levels of service to a wide range of customers.
- Over 3,000 customers
- A presence in the UK, France, Scandinavia and Hong Kong
- Completed 2 bolt on acquisitions
Komfort is a manufacturer, distributor and installer of aluminium & glass partitioning and associated products to the commercial office refurbishment & new build market.
- A leading name in the interior fitout market
- A full business re-organisation completed
- Products manufactured in 45,000 sqr ft facility in Walsall
Independent Plant Hire Group
IPHG is a plant hire platform company based in the South of England with a focus on acquiring and growing a group of plant hire businesses. Our investment criteria is underlined by a focus on finding regional businesses which provide exceptional levels of customer service across a range of equipment.
- 3 acquisitions completed to date
- Invested in plant & staff post-acquisition
- Rolling out operational & technological improvements
Paul’s Cycles is an online retailer of bicycles and accessories based in Dereham, Norfolk with a focus on high specification bikes. Merino bought the business from the original founder.
- Offers leading brands including Giant, Cube, Cannondale and Merida
- Excellent value and service levels
- Over 3,000 bicycles in stock
Cubicle Washroom Systems
Cubicles is a manufacturer of integrated washroom solutions for the office and education markets.
- Expertise in joinery and associated products
- Manufacturing on the South Coast of the UK
- High level of new product development and innovation
BC Ceramics is a tile retailer & distributor based in the South East of England. The business has seven sites, trading under three different brands.
- Decades long heritage and a strong reputation
- Imports tiles direct from the Continent
- Substantial organic growth under Merino ownership
People we have worked with have said…
Merino & I co-invested with the intention of doing a buy & build in the sector, the team are supportive and excellent partners.
Merino moved swiftly & competently to meet our challenging timelines.
Merino have been an incredibly supportive partner since day 1. Their investment in the business has allowed us to pursue an exciting growth trajectory.
I like working with Merino because they provide straight forward answers, quickly. You know when they are running at something hard – which is great for us when running a process.
When we supported Merino on a transaction they were very easy to work with – from the basics like data being readily available to the process being as smooth as it can be, despite the unavoidable twists and turns! An ideal sponsor partner for us.
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