Clearwater International Ireland advises SONAS Bathrooms on a significant investment from MML Growth Capital Partners
MML Growth Capital Partners Ireland (MML) has agreed to make a significant investment in SONAS Bathrooms, Ireland’s leading independent supplier of quality bathroom products. Clearwater International Ireland advised the shareholders of SONAS Bathrooms on the transaction. The investment is subject to approval from the Competition and Consumer Protection Commission (CCPC).
Established in Dublin in 1978, SONAS Bathrooms is Ireland's leading provider of quality bathroom products, selling through a network of trade resellers throughout the country, including most retail bathroom showrooms and builders’ merchants. The business recorded revenue of c. €24m in 2016, and the investment will help existing management, led by Dermot Usher and Richard Sloan, continue to drive significant growth.
This is the second deal Clearwater’s Irish team has completed with MML having advised on the management buyout of H&MV Engineering in November 2015.