Law firm Stephenson Harwood LLP has advised Rockpool Investments LLP on its role backing Spaceright Group on the completion of a management buyout (MBO) of Spaceright Europe.

Rockpool, the UK-based private equity firm, backed the existing CEO, Steve Ashton, to complete the MBO and provided £6 million equity and mezzanine funding. Spaceright Group is a designer and manufacturer of quality furniture, and associated products, targeting the nursery and primary education markets. This investment provides some new growth opportunities for the company, and enables it to reach a wider market.

The Stephenson Harwood team was led by private equity partner Richard Coleman, who was supported by senior associate Emily Davies and associate Lydia Zakrzewski. Further assistance was provided by finance partner Daniel Margolis and associate David Harris.