UK: Private equity firm Limestone Capital has acquired a 30 per cent stake in modular cabin supplier Nokken.
Based by Nathan Aylott and James Van Tromp, Nokken designs and manufactures modular cabins. Every unit is constructed with FSC licensed timber with nearly all of structural parts shaped by cross laminated timber (CLT) and finishings clad in European Larch.
The cope with Limestone goals to develop Nokken internationally throughout the UK, Europe and the US, with new market entires intro Asia and Australasia.
Funding will probably be used primarily to associate with landowners and operators, to accumulate key elements of Nokken’s provide chain, and improve gross sales and advertising and marketing capability.
“Limestone Capital is a good strategic alignment for Nokken,” mentioned Craig McDonald, CEO of the Nokken Group. “The partnership with Limestone permits us to deal with bringing our merchandise to a few of the greatest locations on this planet and guaranteeing finish prospects can expertise nature in new, significant methods. Their hospitality experience and operational excellence will probably be instrumental as we scale.”
Grazi Painelli, managing director and head of acquisitions at Limestone Capital, mentioned: “Nokken represents a novel intersection of gorgeous design, performance, and emotional resonance. They’re redefining how we expertise the pure world, and their scalable mannequin aligns completely with our imaginative and prescient for the way forward for hospitality.”
Highlights:
• Limestone Capital has acquired a 30 per cent stake in Nokken.
• Nokken designs modular cabins constructed from FSC-certified timber.
• The deal will fund Nokken’s enlargement within the UK, Europe, the US, Asia, and Australasia.
• Funding will even assist safe provide chain elements and increase gross sales.
