Belfast-based private equity firm Cordovan Capital Management Limited has secured a successful majority investment into Spanwall Group, marking the first investment closed into its new fund vehicle, Cordovan Capital Partners II LP, and bringing its total number of investments to ten. The NI-based Spanwall Group is one of the UK’s leading architectural wall cladding specialists bringing design and manufacturing expertise to iconic buildings such as the Titanic Museum, Belfast, the Central Bank of Ireland, Dublin and Liverpool Street Station, London.


Speaking following the acquisition, Stephen McClelland, Director at Cordovan, said: “Spanwall has an international reputation for delivering innovative and bespoke projects. We believe it is well positioned to grow significantly in the coming years and look forward to supporting the management team and staff through the next stage of its development. The company has a fantastic engineering pedigree that is testament to its founders Eric Bell, Norman Bell and Tony Reid. We are delighted they will remain as shareholders alongside Keith Toner who will continue in his role as Managing Director.”

Keith Toner commented: “Spanwall has been at the cutting edge of innovation in architectural cladding and façade systems for over 50 years and this acquisition by the Fund will support the business as it continues to develop and grow.”

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Keith Toner, Managing Director of Spanwall; Stephen McClelland, Managing Director of Cordovan Capital Management; Philip West, Sales Director of Spanwall.

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