Kitchens maker in £33 million MBO

Two bosses of kitchen and bathroom distributor PJH have cashed in their chips, scooping a fortune of over £7m each, after selling the business in a £33m deal. Former chief executive David Riley and finance director Gerry Godlington both owned 25 per cent of the Bolton-based firm, which has been sold to private equity firm … Continued

Mersey investment fund backs £4m relocation by communications firm

Merseyside Special Investment Fund (MSIF) has backed a £4m package to help a Cheshire company relocate into Merseyside. Warrington-based Jade Communications, which installs IT equipment, wireless systems and other technologies, will move to St Helens in the next few months. MSIF’s Venture fund, set up to help regeneration and job creation in Merseyside, has contributed … Continued