UK: Private equity firm Limestone Capital acquired a 30% stake in Nokken, a modular cabin manufacturer.
Nokken, founded by Nathan Aylott & James Van Tromp in 2007, designs and manufactures modular log cabins. Each unit is constructed with FSC-certified timber, with the majority structural elements being formed by cross laminated wood (CLT), and finishes clad with European Larch.
Nokken’s deal with Limestone will expand Nokken across the UK, Europe, and the US with new markets in Asia and Australasia.
Investments will be used to increase Nokken’s sales and marketing capabilities, as well as partner with landowners, operators and to acquire key components in the supply chain.
Craig McDonald, CEO at the Nokken Group said: “Limestone Capital represents a strategic alignment that is ideal for Nokken.” “The partnership allows us to concentrate on bringing products to some the world’s best destinations and ensuring that end customers can experience the nature in new, meaningful way. Their operational excellence and hospitality expertise will be crucial as we scale.”
Grazi P. Painelli, director of acquisitions and managing director at Limestone CapitalNokken is a beautiful intersection of design, functionality and emotional resonance. They are changing the way we interact with the natural world. Their scalable model is in line with our vision of the future.
Highlights:
• Limestone Capital has acquired a 30 per cent stake in Nokken.
• Nokken designs modular cabins made from FSC-certified timber.
• The deal will fund Nokken’s expansion in the UK, Europe, the US, Asia, and Australasia.
• Investment will also help secure supply chain components and boost sales.
