Barings Supports Epiris’ Acquisition of Stuart Turner
Barings, one of the world’s leading investment managers, today announced its role as sole lender of secured credit facilities in Epiris’ acquisition of Stuart Turner, one of the U.K.’s market leading manufacturers of pump and water boosting solutions for domestic and commercial applications.
Established in 1906, Stuart Turner is internationally recognised as a pioneer of brass pumps, designed to boost low water pressure systems, with a strong reputation for product innovation and manufacturing capabilities. Based in Henley-on-Thames, the company has a strong industry-wide reputation for high quality products and a market leading position both in the U.K. and internationally.
The acquisition will see Epiris seek to expand the company’s product range and support its geographical growth. Barings was the incumbent lender under previous ownership.
Commenting on the deal, Matt Carty, Director in Barings’ European Private Finance Group, said: “We have proudly supported Stuart Turner’s growth over the last four years and have seen the company move from strength to strength. We’re excited to be a part of its continued growth path and look forward to its future success under the acquisition of Epiris. The Stuart Turner brand has a long heritage dating back over 100 years and has built a strong loyalty amongst installers, backed by a passionate and experienced management team.”
“It has been great working with Barings to complete the acquisition of Stuart Turner. The team have worked with the business for the last four years and we look forward to continued success.” Charles Elkington, Epiris added.
Barings is a $391+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.
*Assets under management as of December 31, 2021