CLB Coopers Corporate Finance Alerts

CLB Coopers proactively develop strategies and solutions for our clients in order to help them meet and exceed their future objectives. We are extremely well placed in the Corporate Finance market, and advise on transactions such as acquisitions, disposals and re-organisations. Our Corporate Finance and Tax teams also work closely to ensure that such transactions are structured in the most tax efficient manner for all parties.

Recent M&A Alerts


PROJECT HALL

The Business:

A well established engineering company specialising in the design, manufacture and assembly of material handling and process equipment with their own UK manufacturing and testing facilities.Purpose built 1865 sq. metre manufacturing facility based in the North West of England, incorporating 1575 sq. metres of workshop space and 290 sq. metres of design office space.

Key services include:

  • Site survey
  • Estimating
  • Design
  • Project management
  • Fabrication and welding
  • Heavy duty steelwork and sheet metal
  • Machining
  • Painting

The facility also allows for system layout and process simulation, including pre delivery buy-off and critical wiring and software checks.

Summary Financials:

  Actual Year ended 31 August 2011 (£000) Actual Year ended 31 August 2010 (£000) Actual Year ended 31 August 2009 (£000)
Turnover 2,650 1,853 2,481
Recurring EBIT* 865 376 500
Recurring EBIT margin 33% 20% 20%
Net Assets 908 880 753
Net cash position 319 399 625

* After the add back of certain non-recurring expenditure.

Key Selling Points:

  • Large premises
  • Located centrally in the UK with excellent access to the road network
  • Experienced employees
  • Excellent, blue chip customer base
  • Approved supplier status
  • ISO 9001 Registered firm

The Process

Please detail why you (or your client/contact) may be interested in the opportunity.  Interested parties will only be considered when our client understands who they are and why they may be interested.  After this evaluation stage, interested parties will be provided with an Information Pack after signing a confidentiality agreement. Indicative offers based on the information in this document will then be used to assess who is then allowed access to further information in order to confirm the offers made. A chosen interested party will then be given a period of exclusivity to complete further due diligence and agree legal contracts.

Contact

All contact on this opportunity should be with:

Mark Worsley Ian Hargreaves
Partner Senior Manager
01204 551100 01204 551100
mworsley@clbcoopers.co.uk    ihargreaves@clbcoopers.co.uk

PROJECT SOFTWARE - ACQUISITION SEARCH FOR SUITABLE SOFTWARE COMPANY

Our clients have a successful track record of building and selling their business and have funding in place to acquire a company with the following characteristics:

  • Established software business with maintenance or support income opportunities
  • Owned intellectual property
  • Turnover range £2m-£5m with growth opportunities
  • Vertical market software preferred
  • Based in the North of England

If you know of any such business whose owners may consider a sale, please contact us using the details below:

Graham Rigby David Travis
Partner Partner
0161 245 1000 0161 245 1000
grigby@clbcoopers.co.uk       dtravis@clbcoopers.co.uk

BUY-IN/INVESTOR CANDIDATE

We act for a Sales and Marketing focused Executive Chairman, with 25 years of experience, who is looking for the right team to join. He has significant sums to invest, from wealth created through previous successful business growth and exits.

His investment criteria are:

  • North West
  • Turnover £4m-£50m
  • Manufacturing, distribution, B2B, chemicals

Please let us know of any opportunities you are aware of that may be suitable by contacting:

Steven Lindsay
Partner
0161 245 1000
slindsay@clbcoopers.co.uk