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Corporate Finance, Deal Advisory

Gerald Edelman’s Deal Advisory team has advised on the sale of Brownell Limited

Gerald Edelman’s Deal Advisory team has advised on the sale of Brownell Limited

Gerald Edelman is delighted to announce that its Deal Advisory team has advised the shareholders of Brownell, a leading developer of moisture control and humidity protection products, on a majority sale to Röko, a Sweden-based investment company.

Röko has acquired a controlling stake of Brownell Limited (Brownell), a leading global developer of moisture control and humidity protection products.

Brownell was originally founded in 1952 and was subsequently taken over by the Partridge family via a management buyout in 2002. Neil Partridge, who has been CEO since 2018, has overseen Brownell’s impressive growth which has led it to now being a supplier to organisations in over 30 countries across the globe. Neil will remain in his position as CEO and as a minority shareholder going forward.

Röko is a Sweden-based investment company with €270m of capital and a portfolio of companies in a variety of industries across Europe. The team has more than 100 years of combined experience working with owner-managed businesses operating in niche sectors. The investment is Röko’s 18th since the company was founded.

Neil Partridge, Chief Executive Officer of Brownell, commented:

We are delighted to have completed this transaction with Röko. As a family owned business, it was extremely important to find the right investment partner, and we strongly believe that we have achieved this with Röko. With their long-term vision and strategy, we are confident that Röko will enable Brownell to continue to scale and we’re excited to begin this next chapter with them.

Gerald Edelman has been our advisor for many years, so I had no doubt that their Deal Advisory team would be able assist in delivering an incredibly attractive deal. They helped to find the perfect partner, negotiated the initial terms, and efficiently managed the process through to completion. The value that they added to the process was exceptional and we are grateful for their expertise and assistance. I would certainly recommend Gerald Edelman’s Deal Advisory team to anyone thinking of selling their business!

Nick Wallis Partner of Gerald Edelman Deal Advisory, added:

We are thrilled to have successfully advised on an excellent deal for the shareholders of Brownell. Being a well-established family business, we knew how important it was to find the right partner for our client and the business.

The completion of this deal has again demonstrated our team’s ability to deliver cross-border deals in the mid-market space and our unique access to international investors and acquirers. We have no doubt, with the support of Röko, Brownell will continue to thrive. We wish all parties the best for the future.


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