BCMS Corporate cooks up great deal for kitchen specialist
Corporate finance boutique BCMS Corporate has completed the multi-million pound sale of Tsunami, kitchen designers to the rich and famous. Originally called Chelsea Interiors, Tsunami has been based on Wigmore Street in London’s West End for the last decade. Headed up by David Knights, it specialises in creating minimalist kitchens for high net worth clients, including many of the Sunday Times Top 100 Rich List.
Knights, who has run the business for over 30 years, decided earlier this year to retire and approached BCMS Corporate to identify a suitable buyer. The new owner, serial entrepreneur David Pidgeon, had been looking to buy a niche business for some time and together with backing from Blue Sky Corporate Finance has taken over the day-to-day running of Tsunami with immediate effect.
Says John Humphrey, Deal Leader at BCMS Corporate: “We are thrilled to have been involved in the sale of one of the country’s most exclusive kitchen designers. David Knights received a number of sizeable offers for his business but it is great to see that he went for the one that ensured the long-term future of all its staff.” Adds David Knights, Managing Director of Tsunami: “We are extremely grateful to John and his team at BCMS Corporate for their help in introducing us to David Pidgeon, who we feel is exactly the right person to take Tsunami forward.”
