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BusinessSecond Acquisition Successfully Completed by Nene Capital in 2023

Second Acquisition Successfully Completed by Nene Capital in 2023

Nene Capital, an investor with a focus on seizing opportunities in UK small and medium-sized enterprises (SMEs), is delighted to announce the successful culmination of its acquisition of Serene Stone, a well-established manufacturer and supplier of superior architectural cast stone. This acquisition represents a significant milestone in Nene Capital’s strategic growth plan and further solidifies its position as a prominent player in the upper SME manufacturing and engineering sector.

Nene Capital possesses extensive experience and expertise in identifying and nurturing businesses with high growth potential. The company is now thrilled to join forces with Serene Stone to drive growth and unlock new avenues of opportunity. Serene Stone’s strong market presence, exceptional team, and innovative range of products are perfectly aligned with Nene Capital’s investment philosophy and long-term objectives.

In line with this acquisition, Serene Stone will continue to operate as an independent entity within Nene Capital’s long-term investment portfolio, maintaining its brand, management team, and existing business operations. This approach ensures a smooth transition while capitalising on Nene Capital’s resources and expertise to support Serene Stone’s expansion plans.

“We are extremely pleased to welcome Serene Stone to our portfolio,” expressed Stephen Bayliss, Managing Director of Nene Capital. “We firmly believe in the immense potential of Serene Stone and are dedicated to fostering their growth trajectory. Upholding our investment philosophy, we aim to create value while considering risk factors. Together, our goal is to unlock market opportunities, enhance customer value, and achieve sustainable long-term success.”

Regarding the acquisition, Simon Stringer, Finance Director of Nene Capital, commented, “Serene Stone’s historical focus on delivering quality products and maintaining exceptional performance has led to a solid underlying financial and trading record. These attributes make it an exciting addition to our expanding portfolio of SME businesses.”

Both Nene Capital and Serene Stone are enthusiastic about the future prospects arising from this partnership and remain fully committed to delivering exceptional value to customers, employees, and stakeholders in the long run.

Sam Allcock
Sam Allcock
With over 20 years of experience in the field SEO and digital marketing, Sam Allcock is a highly regarded entrepreneur. He is based in Cheshire but has an interest in all things going on in the North West and enjoys contributing local news to the site.
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