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All Interests Aligned (AIA), the Switzerland-based investment platform created by entrepreneurs for entrepreneurs and specializing in MBIs across Europe, has completed its first acquisition with the buyout of H. Mears (Furnishers) Ltd. The transaction was carried out in partnership with experienced operator Philip Cefai, who will assume the role of CEO of this sixth-generation, family-owned UK carpet and flooring business. Debt financing for the acquisition was provided by Barclays.
Founded in 1802 and based in Preston, Lancashire, H. Mears (Furnishers) Ltd is a leading flooring specialist serving homeowners, housebuilders, hotels, and institutions nationwide. The company offers an extensive range of carpets, vinyl, laminate, and wood flooring, along with expert installation and exceptional service throughout the Northwest of England. Employing 33 people, Mears has continued its positive momentum in 2024, achieving further growth in profitability. Turnover increased by 18.5% from £11.57M to £13.71M, while operating profit grew from £2.16M to £2.91M, an increase of more than 30%.
Guy Mears said: “From our first meeting, I felt Philip and the AIA team genuinely understood what our 220-year legacy represents – the high standards we’ve built with our loyal staff and clients, many of whom have been with us for over 30 years. This must continue, and I’m certain it will. That’s what sets Mears apart.”
Philip Cefai commented: “It’s a privilege to take the helm of such a respected and long-established business. H. Mears (Furnishers) Ltd. stands for quality, trust, and community – values that I intend to carry forward. With AIA as my investment partner, I have both the backing and the strategic support to build on the company’s strong foundations and unlock new opportunities for growth.”
Across Europe, thousands of profitable businesses are looking for ways to secure their future as a generation of entrepreneurial owners prepares to step back from day-to-day operations or retire. AIA brings together committed private capital and experienced entrepreneurial operators, empowering them to pursue their ambitions and acquire companies. Ralf Grass, founder and Chairman of AIA said: “H. Mears (Furnishers) Ltd. is a great business which we are proud to continue as owners and operators through the next stages of its journey. Philip’s track record within the homebuilding sector, combined with his shared vision for the future, makes this an excellent match for sustained growth.”
Debt: Kredo / Legal (buyer): DLA Piper / DD: Forvis Mazars / M&A: Grant Thornton Corporate Finance / Legal (vendor): LLM Solicitors
