Deal Summary
Clark Clay Industries
| client: |
Clark Clay Industries |
| sector: |
Leisure |
| description: |
UK's largest clay pigeon producer |
| deal type: |
Buy in |
| deal size: |
Undisclosed |
| investor: |
Private Investor Group |
| date: |
February 2005 |
Company background
CCI International, one of the best known names
in shooting, have been manufacturing clay pigeons since 1982, and
produce five types of clays including the Auto-Rabbit, Stealth and
White Bio Flyer. The clays are formulated to 'smoke' or 'dust' when
shot and are aeronautically engineered to have the straightest flight
path. With annual production of some 100 million targets, CCI is
the market leader in the UK and exports to many countries worldwide.
CCI are also the exclusive UK distributor of the Rio brand of shotgun
cartridges.
Clay pigeon shooting has been growing at an annual rate of 7 to
10 per cent for the last five years, supported by the corporate
market and the increasing popularity of the sport helped by Richard
Faulds winning an Olympic gold medal.
Deal background
The private equity deal was made by a private investor
group led by Giles Clarke, founder of Majestic Wine and co-founder
of Pet City superstores. Giles Clarke teamed up with his brother
Henry and Jonathan Goodhart.
Jonathan Goodhart will run the company, with the Chairman and Managing
Director leaving immediately following completion.
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