Management team completed the acquisition of a majority stake in SONAS Bathrooms.

Management team completed the acquisition of a majority stake in SONAS Bathrooms, a manufacturer and supplier of bathroom products. MML Capital Partners will substantially realise it’s position but is facilitating the MBO by rolling over a minority of its value in the business. Financial terms were not disclosed. “We were initially attracted to the business’s market leading position in a rapidly expanding sector of residential development and bathroom improvement. Since the time of our investment, the business has continued to grow and maintain its focus on customer service and new product development. The acquisition of SONAS by the management team, now led by Richard and joined by Darren Tierney and Ger Fahy, is a natural progression and a template for the type of investing which MML has been pioneering in the Irish market since our fund was established in 2013,” Neil McGowan, MML Partner and Co-Head of Investments.