18 May 2024, 20:14
By Furniture News Jul 22, 2016

Private equity firm supports Belfield Furnishings MBO

Private equity firm NorthEdge Capital has backed the management buyout of Ilkeston-based furniture wholesaler and manufacturer Belfield Furnishings, owner of Westbridge Furniture Designs. 

NorthEdge has obtained a majority stake in the business, and Belfield will use the investment to shorten lead times and boost production.

Chief executive Steve Hampton and CFO Karl Stevens will continue to lead the business. Alan McWalter will remain as chairman, and Don Coates will assume the role of CEO.

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