FR Monkhouse, part of the Banner Group, has acquired Early Years Schoolwear, a family-run business that is the official stockist for 68 schools in the Solihull, Birmingham and Stratford areas.
Law firm Womble Bond Dickinson (WBD) and corporate finance advisers Isca Ventures advised FR Monkhouse, an independent schoolwear retailer, on the acquisition. The two firms also advised Wiltshire-based Banner on its June 2018 acquisition of FR Monkhouse.
Glenn Leech, who became managing director of Banner in September 2017, said: “WBD and Isca deserve a big thank you from the team at Banner for their really excellent support in getting the deal over the line when we said we would. It was particularly important to the seller and should help to further strengthen our reputation in the market for how we do business.”
WBD partner Tom Fitzpatrick, who led the law firm’s team, added: “We’re delighted to have advised FR Monkhouse on this significant acquisition, which represents a further step in Banner’s strategy to be the market leader in school uniform retailing. We look forward to continuing to support them as they carry on with their dynamic growth strategy.”