The Buzzacott Transaction Services team is delighted to have assisted with Rose Street’s second investment.

Overview of the deal

We are delighted to announce the investment into Kenwood Damp Proofing PLC by Rose Street Partners. The Buzzacott team provided financial and tax due diligence along with transaction advisory services.

The financial due diligence and transaction advisory team was made up of George Thresh supported by Alex Judd.

The tax due diligence team was made up of Kazia Kruszewski and Anais Lienhart Ortega.

Who are the firms involved?

Founded in 1982 and based in Watford, Kenwood is a leading damp proofing and timber treatment contractor which attends over 20,000 properties each year in London and most of its neighbouring counties.

Rose Street is a long-term investor who looks to provide a permanent home for enduring businesses in the UK. It has raised a committed pool of permanent capital from leading founders, CEOs and investors across the globe. This enables it to hold businesses forever rather than buying them to sell after a few years.

Dan Skyte, of Rose Street, said “Kenwood Damp Proofing is an exceptional business with a rich history and a stellar reputation, and we’re thrilled to welcome them to Rose Street.

We’re incredibly proud to invest in family businesses like Kenwood. Preserving such legacies was a huge part of the motivation for founding Rose Street, and it is a responsibility we take seriously.”

Highlights of the deal

We were pleased to work with Dan Skyte on the second investment of the new fund. The target company has made great progress over the years and looks very well set for the next phase of growth.