Tuesday 2 February 2021

Foresight completes sale

Yes it does! Well done, everyone at Foresight! What shall we discuss now? Music? My music? Girl is now called Babe. Deal with it! 'PR email, boss. Come on! That's what we're here for, after all.' Ha! You may be here for the emails, Voice. 'Think of your readers.' Yeah, yeah. I'm thinking of them. Christ.

Anyway ...

London 27 January 2021: Foresight Group LLP ("Foresight"), a leading independent infrastructure and specialist regional private equity investment manager, is pleased ("Delighted") to announce the successful sale of FFX Group Limited ("FFX" or "the Company"), one of the UK's largest independent suppliers of high quality power tools, fixings and building supplies.

Okay, okay. 'Nice.'

FFX was sold to H2 Equity Partners ("H2"), a leading hands-on investment firm focusing on mid-sized companies in the United Kingdom, Ireland and Benelux. H2 will be a strong strategic partner for FFX, allowing the business to continue its growth potential through further investment.

Okay, okay. 'Nice.'

Since Foresight made its original investment in October 2015, Foresight has taken a proactive approach to supporting the senior management team, for example introducing Chairperson George Adams who has extensive experience in the sector, including sixteen years at Kingfisher, three of which as Chair of Screwfix.

Okay, okay. 'Nice.'

So ...

Yes, dear reader(s), the moral of the story is ... everything is double okay, and everything is nice.

I mean, what else is there to say? Tell me!

'We haven't heard the voices yet, boss.'

We've heard you, man.

'Yeah, yeah.'

Okay. Come on, Pat! Impress us! 'This'll be good.'

Patrick Ker, Deputy Chairperson of FFX, says: "Having worked with several PE firms over the years I say with all honesty that our time with Foresight has been a revelation. Supportive where necessary, challenging but never confrontational, and personable to boot, Foresight understands the need to maintain the blend of entrepreneurial culture with improved processes within successful, growing SMEs. I'm delighted it has been a successful investment for all shareholders."

Wow! 'Wow!' Wow!

Bloody hell!

Okay, Jimmy. Our Pat has set the standard. Come on, son!

James Livingston, Partner at Foresight, adds: "It's been, uh ... fabulous to work with Patrick and, and, and ... the wider team at FFX, supporting their rapid growth, launch of new products and opening of a new TV channel. I mean, sales channel. Yes, of course. Sales channel. Silly me! The business has, er ... grown to become one of the major challengers in the sector and continues, continues ... to deliver exceptional customer service. Uh, uh. We wish FFX every success for the future with H2."

Okay, thanks, Jimmy. You were obviously nervous. 'I would be nervous following Pat, boss.' We all would! Even the readers.

ENDS

...

Anything else?

Not really, no. Can you think of anything, Voice? 'Me?! I don't get paid enough for that. Talk about your music.'

Well, okay. I'll just say that Babe, And Rain Came Down, and Good Times may be on my BIG TEN list, but ... 

I want three more so-called "world-beaters", you dig? To replace them, like. Hopefully, "luxury" ones like Malibu and Stella.

My work is never finished ...

Maybe that's a good thing.

Laters!