Cairngorm Capital

Cairngorm Capital is a private equity firm founded in 2014, based in London, United Kingdom, with an additional office in Amersham, United Kingdom. Specializing in growth financings, recapitalizations, corporate carve-outs, management-led buyouts, growth capital, and lower mid-market investments, the firm focuses on industrial and business-to-business markets, particularly manufacturers, distributors, and service companies. Cairngorm typically invests in UK-headquartered companies with EBIT between £2 million and £20 million. With committed equity capital exceeding £50 million, the firm collaborates with management to drive substantial earnings growth over the long term, emphasizing operational plays and avoiding distressed companies.

Alexander Bayliss

Managing Director

Josh Chilton

Investment Associate

Geoff Craythorne

Operating Partner

Rob Cross

Operating Partner

John Declerck

Operating Partner

John Douglas

Operating Partner

Lucy Graham

Investment Director

Bob Marshall

Operating Partner

Neil McGill

Managing Director

Rish Mulchandani

Investment Associate

Mutsa Mutembwa

Investment Associate

John Naylor-Leyland

Managing Director

Andrew Steel

Managing Partner

Amit Thaper

Managing Director

Panita Vongkusolkit

Investment Manager

Adam Watson

Investment Manager

Stuart Whiteford

Investment Director

39 past transactions

Sentry Doors

Acquisition in 2019
Sentry Doors Ltd manufactures and supplies standard and security fire-rated doors, door sets, and screens. It also offers vision panels, sidelights, fanlights, combination frames, acoustic door sets, and products for Part M and DDA requirements. In addition, the company provides contract management services. It serves education, health, social housing, tower blocks, and residential and commercial sectors in the United Kingdom. Sentry Doors Ltd was founded in 1989 and is based in Doncaster, United Kingdom.

Rembrand Timber

Acquisition in 2018
Rembrand Timber makes life easier for joiners, small builders and large contractors. We stock our warehouses with the products that joiners and builders use on a daily basis. We welcome tradesmen and their customers into our shops and showrooms, where we have invested in displays of doors, windows, kitchens and flooring to allow clients to confidently make decisions when choosing materials.
Stevenswood Ltd. manufactures and supplies doors and windows. It offers casement windows, tilt and turn windows, reversible windows, and sash and case windows; and PVC panel doors, composite doors, French doors, bi-fold doors, and patio doors; conservatory roofs; and kitchen doors. It serves installation companies, joiners, builders, developers, self builders, councils, housing associations, and architects in the United Kingdom. The company was founded in 1997 and is headquartered in Livingston, United Kingdom. It has trade centers in Livingston, Edinburgh (Loanhead), Glasgow, Aberdeen, Dundee, and Kilmarnock.

Thornbridge Sawmills

Acquisition in 2017
Thornbridge is a direct importer of timber and sheet materials. It has a combined sawmill and distribution hub in Grangemouth, as well as eight regional branch outlets across Scotland. Together they serve a diverse range of customers including local builders, joiners, construction companies, DIY enthusiasts, regional housebuilders and public works contractors. Its substantial warehousing, processing, manufacturing and distribution capabilities enable the business to respond rapidly with a comprehensive and customisable range of timber materials and products.
Polyframe Trade Ltd. manufactures and supplies trade windows, doors, and conservatories to trade installers and builders in the United Kingdom. The company offers casement and French, tilt and turn, and fully reversible windows, as well as vertical sliders; residential and French, composite, in-line patio, and bi-folding doors; solid roof systems; aluminum windows, doors, and bi folding doors; angles and arched frames; and door cylinders. The company markets its products under Rehau, Halo, Eurocell, Veka, and Duraflex brands. Polyframe Trade Ltd. was formerly known as Hi-Spec Windows and changed its name to Polyframe Trade Ltd. in 1994. The company was founded in 1992 and is headquartered in Halifax, United Kingdom.

Polyframe Trade Centres Limited

As of November 29, 2016, Polyframe Trade Centres Limited operates as a subsidiary of Stevenswood Ltd.

Building Supplies Online

Private Equity Round in 2017
Building Supplies Online Ltd supplies building products. Its products include roof windows, bathroom products, doors, building materials, tiles, outdoor and garden products, kitchen products, and tools. It also sells its products online. The company was founded in 2010 and is based in Banbury, United Kingdom.
Truemans is your one stop shop for frames, glass, panels, composite doors, conservatory roofs, trims, silicone, fixings, cleaners and tools. Essentially, everything you need for a better installation, at competitive trade prices. Alongside an extensive range of products, installers who buy from Truemans benefit from excellent customer service and marketing support.
Founded in 1972, MJ Wilson is the largest independent UK distributor and service provider of process instrumentation and control products. Headquartered in Grimsby, with five regional hubs in Cardiff, Gravesend, Grimsby, Stockport and Sheffield, MJ Wilson’s specialist staff provide technical expertise and the rapid delivery of critical components to a diverse range of blue-chip companies across the UK. The company has built a reputation for outstanding customer service across the industry, resulting in extremely long-standing customer relationships.

MJ Wilson Group

Acquisition in 2018
Founded in 1972, MJ Wilson is the largest independent UK distributor and service provider of process instrumentation and control products. Headquartered in Grimsby, with five regional hubs in Cardiff, Gravesend, Grimsby, Stockport and Sheffield, MJ Wilson’s specialist staff provide technical expertise and the rapid delivery of critical components to a diverse range of blue-chip companies across the UK. The company has built a reputation for outstanding customer service across the industry, resulting in extremely long-standing customer relationships.
Grant & Stone Limited supplies building products. It also offers electrical products, plumbing products, timber products, bathroom products, kitchen related products, and lighting showroom products. Grant & Stone Limited was formerly known as Incramaster Limited and changed its name to Grant & Stone Limited in March 1989. The company was incorporated in 1986 and is based in High Wycombe, United Kingdom.
The National Timber Group engages in warehousing, processing, and distributing of timbers, panel, decorative surfaces, and engineered wood products. The company was founded in 2018 and is based in the United Kingdom.

Parker Building Supplies Limited

Merger/Acquisition in 2018
Parker Building Supplies Limited operates as a builders’ merchant that supplies building products to retail and trade sectors in the South East. The company’s products include acoustic solutions, aggregates, bathrooms, blocks, bricks, floor beams, garden furniture, kitchens, lintels, lofts, moldings, ceilings, plasters, plasterboards, roofing trusses, screw nails and fixings, sheet materials, tools, and power tools; and carcassing, decking, drainage, environmental, farming and agriculture, fencing, guttering, insulation, ironmongery, joinery, metalwork, paint and decorating, cement, paving and landscaping, plumbing, prepared timber, roofing, self-build, ventilation, and workwear products. It serves contractors, tradesman, and do-it-yourself enthusiasts. The company sells its products to its customers through its showrooms and online platform. The company was founded in 1984 and is based in Polegate, United Kingdom with additional offices in East and West Sussex, and Kent.

Parker Building Supplies

Acquisition in 2018
Parker Building Supplies is the leading independent and multiple National Award winning Timber and Heavyside Builders' Merchant based in the South East, supplying both the retail and trade sectors. As a result of a strategic expansion and acquisition programme over the last few years, the company now employs in excess of 280 members of staff at 25 locations across the region.

Helix Tool

Merger/Acquisition in 2018
Helix Tool Company Limited manufactures and distributes precision engineers cutting tools. The company's products include, drilling tool, milling tool, threading, turning, grooving, and spindle tooling. The company serves sectors such as, aerospace, automotive, medical, oil and gas, power generation, and sub contract engineering. The company also distributes precision cutting tools of different brands. The company was founded in 1994 and is based in Leeds, United Kingdom.

Sentry Doors Holdings Limited

Merger/Acquisition in 2019
Sentry Doors Holdings Limited manufactures timber fire and security door-sets for the social housing, public sector, commercial, and residential markets. The company was founded in 1989 and is headquartered in Doncaster, United Kingdom.

Grant & Stone

Merger/Acquisition in 2019
Grant & Stone Limited supplies building products. It also offers electrical products, plumbing products, timber products, bathroom products, kitchen related products, and lighting showroom products. Grant & Stone Limited was formerly known as Incramaster Limited and changed its name to Grant & Stone Limited in March 1989. The company was incorporated in 1986 and is based in High Wycombe, United Kingdom.
Parker Building Supplies Limited operates as a builders’ merchant that supplies building products to retail and trade sectors in the South East. The company’s products include acoustic solutions, aggregates, bathrooms, blocks, bricks, floor beams, garden furniture, kitchens, lintels, lofts, moldings, ceilings, plasters, plasterboards, roofing trusses, screw nails and fixings, sheet materials, tools, and power tools; and carcassing, decking, drainage, environmental, farming and agriculture, fencing, guttering, insulation, ironmongery, joinery, metalwork, paint and decorating, cement, paving and landscaping, plumbing, prepared timber, roofing, self-build, ventilation, and workwear products. It serves contractors, tradesman, and do-it-yourself enthusiasts. The company sells its products to its customers through its showrooms and online platform. The company was founded in 1984 and is based in Polegate, United Kingdom with additional offices in East and West Sussex, and Kent.

Fairalls

Merger/Acquisition in 2019
Fairalls Builders' Merchants Ltd supplies and sells construction materials through stores and an online portal. The company offers building and construction materials, decorating material, doors and windows, electrical equipment and accessories, home appliances, landscaping and gardening equipment, screws, nails, fixings, sealants and adhesives, site equipment, tools, plumbing and heating equipment, velux, and workwear and safety products. It also provides delivery services. The company was founded in 1900 and is headquartered in Godstone, United Kingdom. It has additional offices in Gatwick, Taylors Hill, and Sevenoaks, United Kingdom.

Grant & Stone

Acquisition in 2019
Grant & Stone Limited supplies building products. It also offers electrical products, plumbing products, timber products, bathroom products, kitchen related products, and lighting showroom products. Grant & Stone Limited was formerly known as Incramaster Limited and changed its name to Grant & Stone Limited in March 1989. The company was incorporated in 1986 and is based in High Wycombe, United Kingdom.

Munnypot

Acquisition in 2021
Munnypot was created by three people who have worked in finance, fund management and financial advice with combined experience spanning in excess of three-quarters of a century.

Whitefoord

Acquisition in 2021
Whitefoord LLP is a privately owned investment manager. The firm manages separate client focused equity, fixed income, and balanced portfolios. It also manages balanced mutual funds for its clients. The firm invests in public equity and fixed income markets across the globe. For the fixed income portfolio it invests in government and corporate bonds. The firm benchmarks the performance of its portfolios against MSCI World Index, MSCI Emerging Markets Index, FTSE All Government Stocks Index, Average of FTSE100 Index, and FTSE250 Index. Whitefoord LLP was founded in 2000 and is based in London, United Kingdom.

Helix Tool

Acquisition in 2018
Helix Tool Company Limited manufactures and distributes precision engineers cutting tools. The company's products include, drilling tool, milling tool, threading, turning, grooving, and spindle tooling. The company serves sectors such as, aerospace, automotive, medical, oil and gas, power generation, and sub contract engineering. The company also distributes precision cutting tools of different brands. The company was founded in 1994 and is based in Leeds, United Kingdom.

Stevenswood

Merger/Acquisition in 2016
Stevenswood Ltd. manufactures and supplies doors and windows. It offers casement windows, tilt and turn windows, reversible windows, and sash and case windows; and PVC panel doors, composite doors, French doors, bi-fold doors, and patio doors; conservatory roofs; and kitchen doors. It serves installation companies, joiners, builders, developers, self builders, councils, housing associations, and architects in the United Kingdom. The company was founded in 1997 and is headquartered in Livingston, United Kingdom. It has trade centers in Livingston, Edinburgh (Loanhead), Glasgow, Aberdeen, Dundee, and Kilmarnock.

NYTimber

Acquisition in 2018
North Yorkshire Timber is an independent timber merchants in North Yorkshire and the North East. In addition to offering an extensive range of timber, sheet and joinery products, NYTimber has a specialist roof solutions division which designs and fabricates roof trusses, spandrel panels, insulated roof cassettes and the industry-leading NYTROOF Rapid Fit System. Head quartered in Northallerton, it has a dedicated 120,000ft2 design, manufacturing and distribution centre in Brompton-on-Swale, supported by regional retail outlets in North Shields, Sunderland, Middlesbrough, Darlington, Richmond, Northallerton and Ripon. Together they serve a diverse range of customers including large construction companies, house builders, property developers, self-builders and the public throughout Yorkshire, the North East and nationwide.
Helix Tool Company Limited manufactures and distributes precision engineers cutting tools. The company's products include, drilling tool, milling tool, threading, turning, grooving, and spindle tooling. The company serves sectors such as, aerospace, automotive, medical, oil and gas, power generation, and sub contract engineering. The company also distributes precision cutting tools of different brands. The company was founded in 1994 and is based in Leeds, United Kingdom.

Millbrook Healthcare

Merger/Acquisition in 2019
Millbrook Healthcare Ltd provides health care community equipment, wheelchairs, and home improvement agency services. The company was incorporated in 1965 and is headquartered in Hants, United Kingdom. Millbrook Healthcare Ltd is a former subsidiary of Millbrook Industries Ltd.
Fairalls Builders' Merchants Ltd supplies and sells construction materials through stores and an online portal. The company offers building and construction materials, decorating material, doors and windows, electrical equipment and accessories, home appliances, landscaping and gardening equipment, screws, nails, fixings, sealants and adhesives, site equipment, tools, plumbing and heating equipment, velux, and workwear and safety products. It also provides delivery services. The company was founded in 1900 and is headquartered in Godstone, United Kingdom. It has additional offices in Gatwick, Taylors Hill, and Sevenoaks, United Kingdom.

Sentry Doors Holdings Limited

Sentry Doors Holdings Limited manufactures timber fire and security door-sets for the social housing, public sector, commercial, and residential markets. The company was founded in 1989 and is headquartered in Doncaster, United Kingdom.
Sentry Doors Ltd manufactures and supplies standard and security fire-rated doors, door sets, and screens. It also offers vision panels, sidelights, fanlights, combination frames, acoustic door sets, and products for Part M and DDA requirements. In addition, the company provides contract management services. It serves education, health, social housing, tower blocks, and residential and commercial sectors in the United Kingdom. Sentry Doors Ltd was founded in 1989 and is based in Doncaster, United Kingdom.
Millbrook Healthcare Ltd provides health care community equipment, wheelchairs, and home improvement agency services. The company was incorporated in 1965 and is headquartered in Hants, United Kingdom. Millbrook Healthcare Ltd is a former subsidiary of Millbrook Industries Ltd.

Millbrook Healthcare

Acquisition in 2019
Millbrook Healthcare Ltd provides health care community equipment, wheelchairs, and home improvement agency services. The company was incorporated in 1965 and is headquartered in Hants, United Kingdom. Millbrook Healthcare Ltd is a former subsidiary of Millbrook Industries Ltd.

Bromborough Paints

Acquisition in 2021
Bromborough is an independent paint distributor supplying paint and decorating supplies. Bromborough Paints supplies professional decorators and the DIY enthusiast with all the major brands, from wallpapers and paints to stylish accessories and woodcare products, making it the first choice when it comes to decorating supplies.

Polyframe

Acquisition in 2016
Polyframe Trade Ltd. manufactures and supplies trade windows, doors, and conservatories to trade installers and builders in the United Kingdom. The company offers casement and French, tilt and turn, and fully reversible windows, as well as vertical sliders; residential and French, composite, in-line patio, and bi-folding doors; solid roof systems; aluminum windows, doors, and bi folding doors; angles and arched frames; and door cylinders. The company markets its products under Rehau, Halo, Eurocell, Veka, and Duraflex brands. Polyframe Trade Ltd. was formerly known as Hi-Spec Windows and changed its name to Polyframe Trade Ltd. in 1994. The company was founded in 1992 and is headquartered in Halifax, United Kingdom.

MJ Wilson Group

Merger/Acquisition in 2018
Founded in 1972, MJ Wilson is the largest independent UK distributor and service provider of process instrumentation and control products. Headquartered in Grimsby, with five regional hubs in Cardiff, Gravesend, Grimsby, Stockport and Sheffield, MJ Wilson’s specialist staff provide technical expertise and the rapid delivery of critical components to a diverse range of blue-chip companies across the UK. The company has built a reputation for outstanding customer service across the industry, resulting in extremely long-standing customer relationships.
Building Supplies Online Ltd supplies building products. Its products include roof windows, bathroom products, doors, building materials, tiles, outdoor and garden products, kitchen products, and tools. It also sells its products online. The company was founded in 2010 and is based in Banbury, United Kingdom.