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Napthens’ client Granby in £3.8m MBO

Granby Marketing Services, a leader in handling and fulfilment solutions, has undergone a management buyout with advice from Napthens’ Corporate team.
Granby, based in Blackburn, works for blue chip customers including Andrex, L’Oreal, Sainsbury’s, the Department for Education and Transport for London.

The company provides services such as direct marketing, e-commerce fulfilment, and warehousing and distribution, and employs more than 100 people.

The £3.8million MBO is backed by funders Enterprise Ventures and Natwest, and sees Joanne Varey, managing director, become majority shareholder.

Stephen Bentley, who acquired Granby from the Omnicom Corporation 13 years ago, becomes Chairman and a minority shareholder. Craig Parsons, Granby’s IT director, also becomes a minority shareholder.

A team from Napthens advised Granby, led by corporate partner Richard Robinson and including corporate solicitors Claire Hynes and Sharon Harrison, employment solicitor Claire Haworth and commercial property solicitor Richard Clithero.

Richard Robinson said: “We have been delighted to help the Granby management team complete a deal, which allows them to continue growing their business with new partners whilst retaining continuity in both its management team and service offering.”

Joanne Varey, managing director at Granby Marketing Services, said: “This feels like a natural step for the business to ensure we are evolving and maintaining our position as a market leader.”