Alantra has advised the shareholders of Nonwovenn (backed by BGF since 2016), a world-leading fabric technology company headquartered in Bridgwater, Somerset, on the sale of a majority stake to CorpAcq Group Limited (“CorpAcq”), a UK-based industrial consolidator backed by TDR Capital. The transaction delivers an 8.4x money multiple for BGF.
Founded in 2003 by David Lamb, Nonwovenn manufactures and supplies bespoke technical fabrics for niche markets, with a strong focus on harm reduction. Its product range includes materials used in protective clothing and wound treatment, serving a diverse global customer base of more than 200 organisations. The company has grown annual turnover from £19 million in 2016 to £46 million in 2025 and has continued its strong growth into 2026. Nonwovenn has now achieved 19 consecutive years of profitability, is a significant exporter of goods, and a major employer in Somerset. The business recently invested a further £1.5 million in research and development to enhance its CBRN (chemical, biological, radiological and nuclear) protective solutions.
CorpAcq identified Nonwovenn as an attractive platform within the technical fabrics sector, reflecting the company’s innovative product offering, high-quality manufacturing capabilities, and customer-led approach to research and development. Following the transaction, Nonwovenn will retain its existing management team, with David Lamb and key members of management continuing as shareholders alongside CorpAcq.
Stuart Kissen, Head of Acquisitions at CorpAcq, said: “Nonwovenn is an outstanding business with a leading market position, strong growth prospects and a highly experienced management team. We see significant opportunity in the fabric technology space and are looking forward to establishing a long-term partnership with David and his team as Nonwovenn enters the next stage of its development.”
David Lamb, Chairman of Nonwovenn, added: “From preparation through the sale process, due diligence and completion, this was an outstanding piece of work by Alantra and was worth every penny – we cannot praise them highly enough. We can genuinely say that the whole team are the best we have worked with on any transaction.”
Alantra’s UK Industrials team supported the shareholders throughout a comprehensive sale process, leveraging sector expertise and the firm’s international reach to engage a broad set of potential counterparties. The team delivered end-to-end advice across preparation, positioning, and execution, helping to secure a successful outcome aligned with the shareholders’ strategic objectives.
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