Gerald Edelman advises the shareholders of mFLOR on the sale to Karndean International Limited
Gerald Edelman is delighted to announce that its Corporate Finance team has advised the shareholders of mFLOR, a leading developer of luxury vinyl flooring, on the sale to Karndean International Limited (“Karndean”), an internationally renowned flooring brand and producer.
mFLOR, headquartered in Twello, Netherlands, is a highly regarded flooring designer and distributor, with a well-established presence across Europe. Since being founded 25 years ago, it has gone on to release a number of highly popular flooring ranges, such as its Solcora and Parva collections, positioning itself as one of the preeminent luxury flooring brands in the region.
mFLOR was founded by Eef Van Leusden and Nick Atkins, with Eef having served as CEO ever since. Eef will continue to run the business as the company embarks on its next phase of growth alongside Karndean.
Karndean is a leading brand in luxury vinyl tile. The acquisition of mFLOR is a landmark milestone in the company’s history, bringing an exceptional new brand into the Karndean group and further strengthening its presence in the European market, in line with its current growth strategy.
Eef Van Leusden commented:
“We are delighted to have completed this transaction with Karndean. Throughout this process, it has been of utmost importance to find a partner that really understands the business and can help elevate mFLOR to the next level. We truly believe that we have found this with Karndean, and I’m looking forward to working with Paul Barratt and his team on this next phase of our journey.
The Gerald Edelman team has been instrumental in navigating the complexities of this deal, and their advice throughout the whole process has been exceptional. Not only did they negotiate a fantastic deal for all parties, but also managed the whole process from the start through to completion, allowing us to focus on the day-to-day running of the business. We are enormously grateful for their support and wouldn’t hesitate to recommend them to anyone thinking of selling their business!”
Jack Bettell, Manager in Gerald Edelman’s Corporate Finance team, added:
“We are thrilled to have successfully advised on an excellent deal for the shareholders of mFLOR. We have no doubt that, with the support of Karndean, mFLOR will continue to thrive.
The completion of this deal has again demonstrated our team’s ability to execute cross-border transactions while achieving an exceptional outcome for our client. We wish Eef and the team at mFLOR the very best for the future, and we look forward to watching the business reach new heights in the coming years.”