Luxembourg’s Three Hills Capital Partners (THCP) has backed Yorkshire’s Sigma Retail Fixture Solutions to support its worldwide growth.
Sigma provides outsourced solutions to blue chip retailers across the UK, Europe and Australia, offering a wide range of services from procurement to project delivery and supply chain solutions of various specialist fixtures and fittings.
Founded in 2007 by Jonathan Haigh and led by CEO Craig Bennett along with a team of highly experienced divisional directors, Sigma delivers consistent cost savings to its clients.
Headquartered in Glasshoughton, West Yorkshire, Sigma serves some of the leading global retailers including large format food retailers, pharmaceuticals, fashion and high street brands.
The Company has more than 230 employees worldwide and has grown rapidly to over £50m revenues.
THCP is partnering with Sigma to support future organic and inorganic growth initiatives, and the management team to increase their shareholding, through an innovative preferred capital solution.
Jonathan will remain closely involved as a Director of the Board and also retain a significant equity stake in the Company going forward.
Jonathan said: “This transaction represents a key milestone in Sigma’s history. Craig and his team have done a fantastic job in leading the development of the business in recent years and I look forward to continuing to support them on both organic and inorganic growth initiatives.
“I am delighted with the partner we have found in THCP, and the tailored financing solution they have put in place.”
Craig Bennett, chief executive of Sigma, added: “I am excited to lead the business through its next stage as we look to both continue to serve and consolidate our position with our existing customers, as well as pursue additional growth opportunities.
“We are very pleased to be partnering with THCP, with whom we have already identified a number of interesting new initiatives to explore.”
Joe Jefferies, UK coverage at THCP, said of the investment: “We are pleased to back Sigma’s management team in this new phase of growth and to partner with two outstanding entrepreneurs in Jonathan and Craig.
“The Company is a leader across multiple niches and we were impressed by Sigma’s track record of innovation and growth.”
Michele Prencipe, Partner at THCP, said: “We are very excited to invest in Sigma and believe there are significant further opportunities to build on the successes of the company – in particular through leveraging our pan-European network.
“This transaction also represents our commitment to backing outstanding entrepreneurs and management teams across the UK.”
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