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UK: Private equity firm Limestone Capital has acquired a 30 per cent stake in modular cabin provider Nokken.
Founded by Nathan Aylott and James Van Tromp, Nokken designs and manufactures modular cabins. Each unit is built with FSC certified timber with the majority of structural elements formed by cross laminated timber (CLT) and finishings clad in European Larch.
The deal with Limestone aims to expand Nokken internationally across the UK, Europe and the US, with new market entires intro Asia and Australasia.
Investment will be used primarily to partner with landowners and operators, to acquire key components of Nokken’s supply chain, and increase sales and marketing capacity.
“Limestone Capital is a great strategic alignment for Nokken,” said Craig McDonald, CEO of the Nokken Group. “The partnership with Limestone allows us to focus on bringing our products to some of the best destinations in the world and ensuring end customers can experience nature in new, meaningful ways. Their hospitality expertise and operational excellence will be instrumental as we scale.”
Grazi Painelli, managing director and head of acquisitions at Limestone Capital, said: “Nokken represents a unique intersection of beautiful design, functionality, and emotional resonance. They are redefining how we experience the natural world, and their scalable model aligns perfectly with our vision for the future of hospitality.”
Highlights:
• Limestone Capital has acquired a 30 per cent stake in Nokken.
• Nokken designs modular cabins made from FSC-certified timber.
• The deal will fund Nokken’s expansion in the UK, Europe, the US, Asia, and Australasia.
• Investment will also help secure supply chain components and boost sales.
