LGC Industries has completed its investment in Homespace Direct, supporting a management buy-in that sees David Adamson join the business as Managing Director.
The transaction, delivered in partnership with DBL Capital, further develops LGC Industries’ presence in the e-commerce sector, with a focus on building a scalable and sustainable platform. Homespace Direct operates in the home textiles sector, offering a range of bedding, duvets, pillows, and soft furnishings through established online channels.
David Adamson joins the business to lead the next phase of development, working closely with LGC Industries to strengthen the platform and identify opportunities for expansion within the e-commerce sector.
Lee Dinsdale, Director at LGC Industries, commented:
“Our approach is centred on partnering with strong management teams to build resilient, cash-generative businesses over the long term. Homespace Direct aligns well with that strategy, providing a strong foundation for continued growth within e-commerce. We are pleased to welcome David to the business and look forward to working together to scale the platform over time.”
David Adamson, Managing Director of Homespace Direct, added:
“Joining Homespace Direct presents an exciting opportunity to build on an established platform with consistent customer demand. With the support of LGC Industries, the focus will be on strengthening operations, enhancing the product offering, and delivering sustainable long-term growth.”
Logros Advisory Partners supported DBL Capital throughout the transaction, providing guidance on commercial structuring, funding coordination, and execution.
Legal advice to DBL Capital was provided by Ben Tatters and the team at AST Hampsons. Legal advice to the seller was provided by Anne-Marie Barnes and Paul Raftery of Weightmans. Funding for the transaction was provided by FW Capital, led by Barry Wilson.
LGC Industries works with business owners who are considering succession, growth investment, or a partial or full exit, partnering to preserve the legacy of their businesses while supporting continuity and long-term growth. Through strategic acquisitions, operational improvement, and a focus on innovation, LGC Industries builds stronger, more competitive businesses and empowers management teams to create lasting value.