Huws Gray Acquisition, Valuation, Funding & Investors

Bilia AB is a Scandinavian car retail company. The company is split into three business segments: Service, Car, and Fuel. The Car segment, which offers both new and used cars and transport vehicles, generates the majority of the company's revenue. Its lineup of car brands focuses on the medium price range of automobiles. The Sevice segment is composed of service and damage centers, spare parts, car washes, tyre and glass centers, and other accessory services. The Fuel segment includes fuel sales in Sweden. The company's geographical segments include Sweden, Norway, Germany, Luxembourg, and Belgium.

Thangamayil Jewellery is a South Indian jewellery retailer selling gold, silver and diamond jewellery through showrooms mainly in Tamil Nadu. Customers are retail consumers, including through gold savings schemes. Headquartered in Madurai.

Gallantt Ispat, part of Gallantt Group, makes TMT bars, sponge iron and steel billets, and also has a power and ethanol business. Customers are construction and infrastructure buyers. Headquartered in Gorakhpur, Uttar Pradesh.

Away is a direct-to-consumer travel gear company headquartered in New York City. Founded in 2015, it designs and sells premium luggage including the bestselling Everywhere carry-on suitcase with built-in USB charger, along with backpacks, duffels, and accessories sold through its e-commerce site and retail stores in the US, UK, and Canada. Away expanded into mattresses and apparel under The Away Home line, and partners with Delta Air Lines for co-branded products. The brand operates showrooms in major cities like London and Tokyo.

New Wave Group AB is a Sweden-based company that designs, acquires and develops brands and products in the corporate promo, gifts, and home furnishings sectors. The group achieves synergies by coordinating the design, purchasing, marketing, warehousing and distribution of its product range. To ensure good diversification, the Group markets its products in the corporate promo market and the retail market. The group divides its operations into three operating segments, Corporate, Sports and Leisure, and Gifts and Home Furnishings. It derives maximum revenue from Corporate segment.

National Vision is a United States optical retailer headquartered in the Atlanta area. The company sells prescription eyeglasses, sunglasses, contact lenses and related accessories to consumers through branded and host retail locations. Its principal owned brands include America’s Best Contacts & Eyeglasses and Eyeglass World, while host arrangements historically included optical centres serving military exchanges and selected retail partners. Eye examinations are provided by optometrists or affiliated professional entities, and the company supports stores with laboratories, inventory and distribution services. Revenue comes mainly from retail product sales, supplemented by examination and related service activity. National Vision operates a value-oriented model intended to make eye care and eyewear accessible to a broad customer base. KKR acquired the business from Berkshire Partners in February 2014 and supported its subsequent growth before its 2017 public listing. The company’s history also records a 2014 investment in Smart Vision Labs, a developer of mobile vision-testing technology.

BBMG Jidong Cement Group is a Chinese cement and building-materials producer headquartered in Tangshan and listed on the Shenzhen Stock Exchange. The company manufactures cement, clinker and related building materials and also undertakes equipment, environmental and technical-service activities. It operates production bases across multiple Chinese regions and participates in overseas cement capacity through affiliated investment companies. Revenue is generated primarily from product sales to construction, infrastructure and distribution customers, supplemented by engineering and service income. The group is controlled within the state-owned BBMG organization and is therefore a strategic industrial buyer rather than a financial sponsor. In 2024 it agreed to acquire the remaining 40% of China-Africa Jidong Building Materials Investment from CADFund alongside the parent group’s 60% block. Completion gave it full ownership of the investment vehicle and indirect control of Mamba Cement in South Africa.

Siam City Cement PCL is a Thailand-based company that produces cement-based building materials, wood replacement products, and lightweight concrete blocks through its subsidiaries. The company is composed of five segments: Cement, Concrete & Aggregate, Waste management and Industrial services, Light Building Materials, and Energy. It generates the majority of its revenue from the Cement segment. It sells various cement types, namely Portland, Hydraulic, Mixed, and Masonry, that serve various building, bricklaying, and plastering purposes.

Leon's Furniture Ltd operates a network of home furniture, appliances, electronics, and mattress stores in Canada. Its retail banners include: Leon's; The Brick; Brick Outlet and The Brick Mattress Store, The Brick's Midnorthern Appliance, and Appliance Canada. The group's customers mainly include retail consumers, builders, developers, hotels, and property management companies. Additionally, it operates six e-commerce sites: leons.ca, thebrick.com, furniture.ca, midnorthern.com, transglobalservices.com, and applicancecanada.com. The group has two operating segments, Leon's and The Brick, which are aggregated into a single reportable segment. It generates maximum revenue from the sale of goods at stores, followed by income from franchise operations, the sale of extended warranties, etc.

JSW Dulux Ltd, formerly Akzo Nobel India, makes decorative paints under the Dulux brand and industrial coatings. It sells through dealers and tinting outlets to home owners and painters, and supplies industrial customers. It is one of the larger Indian paint makers and is now controlled by the JSW group. Headquartered in Gurugram.

Nuvoco Vista is one of India's largest cement groups by capacity, selling cement and ready-mix concrete. It operates plants across eastern and northern India under brands such as Duraguard and Concreto. Customers are builders, contractors and retail home builders. Headquartered in Mumbai.

B.TECH is a Cairo-based retailer of household appliances and consumer electronics with over 50 stores across Egypt. It sells brands like Samsung, LG, Whirlpool, and Sharp, offering refrigerators, TVs, washing machines, and air conditioners with financing options. Founded in 2016, B.TECH holds a leading market share in Egypt's retail sector.

Snack Is Busy is a Hangzhou-based chain of neighborhood snack retail stores targeting urban communities in China. It offers ready-to-eat items like fried chicken, popcorn, beverages, and desserts through over 1,000 outlets in Zhejiang and Jiangsu provinces. Founded in 2016, the brand emphasizes 24-hour access and delivery via Meituan and Ele.me partnerships, catering to daily consumer needs with localized menus.

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 14 states and operates more than 100 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to US federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon’s, Good Green, incredibles, and RYTHM.

Carzone is a Nanjing-based retail chain operated by Jiangsu Kangzhong Shiye Investment selling aftermarket automotive parts. It operates 200 stores across eastern China stocking brakes, filters, spark plugs, and accessories from brands like Bosch and NGK. Founded in 1995, Carzone provides installation services and wholesale to garages in Jiangsu, Anhui, and Zhejiang provinces.

Savers Value Village is a for-profit thrift retailer headquartered in Bellevue, Washington, and listed on the New York Stock Exchange. It operates stores in the United States, Canada and Australia under the Savers, Value Village, Village des Valeurs and Unique banners, selling second-hand clothing, footwear, bedding, furniture, jewellery, electronics, toys and housewares. It sources merchandise by paying non-profit partners a bulk rate for donated goods, delivered by the charities or dropped at donation centres at its stores, then sorts, prices and sells the items, recycling what does not sell. It reported revenue of US$1.68 billion and net income of US$22.6 million for 2025. Bill Ellison founded the business in 1954 in a former movie theatre in San Francisco's Mission District; the headquarters moved to Bellevue in 1970, the first Canadian store opened in Vancouver in 1980 and the first Australian store in 1997. Owners have included Berkshire Partners, Freeman Spogli & Co., Leonard Green & Partners and TPG, before a 2019 restructuring handed control to Ares Management and Crescent Capital Group. Ares bought Crescent's stake in 2021 and took the company public in a June 29, 2023 initial public offering, keeping about 88% of the shares.

Pets at Home is a British retailer of pet food, accessories and related animal-care products and services. The business began in 1991 with its first store in Chester and expanded through a network of specialist pet shops. Its retail customers are pet owners purchasing food, bedding, toys, equipment and other supplies for companion animals. Revenue comes from merchandise sales and associated services, including grooming and veterinary activities. The company developed an online retail channel alongside its physical stores. It acquired the UK Petsmart business before KKR’s investment and later expanded into equestrian retail and additional veterinary practices. KKR acquired the business from Bridgepoint in 2010, after which Pets at Home bought Ride-Away and Vets4Pets. The group listed on the London Stock Exchange in 2014 while KKR retained a significant shareholding.

Caltagirone is an Italian holding company headquartered in Rome that traces its origin to the Vianini industrial works built in Rome in 1892. Francesco Gaetano Caltagirone took over the Vianini group in 1984 and built it into a listed group with interests in cement, construction, real estate and publishing. Cement is run through the listed Cementir Holding, publishing through Caltagirone Editore, which owns newspapers such as Il Messaggero of Rome, and construction and real estate through Vianini companies. The group also holds financial stakes, among them in Assicurazioni Generali, which it entered in the 2007 to 2012 period with over 2 percent, and in Banca Monte dei Paschi di Siena.