Tue, 17 Mar 2015 | BUSINESS SALE
The sale of a refrigerated display equipment manufacturer has been completed by a corporate finance firm.
Manor Concepts Limited, based in Bedfordshire, has been acquired by Arneg S.p.A, an Italian retail equipment firm that operates at a global level. The sale was facilitated by Northamptonshire-based corporate finance specialists Watersheds.
Manor Concepts was originally founded in 1996 by Neville Ball and David Winstanley and now has an estimated turnover of £15 million. Arneg operates 20 factories and has offices in 25 countries worldwide.
Watersheds completed the sale in under nine months after detailed negotiations, matching the two firms on shared characteristics.
Watersheds director Richard Buzzoni said: “The strategic fit of Manor and Arneg was clear from the start. While selling to large overseas buyers can be complex and challenging, it can offer a near perfect result for the shareholders, the company and the staff. I am confident that the acquisition by Arneg is just the start of an even greater future for Manor Concepts and its people.”
Manor Concepts' managing director Michael Tucker added that Watersheds provided key guidance and support throughout the sale process so that the firm could continue trading while a sale was successfully negotiated.
______________________________________________________________________
Related information:
Buying a business? Browse our latest listings
How M&A and organic growth can prove an invaluable way of expanding your business
This is an opportunity to acquire the shares, business and/or assets of an electrophoretic and powder coating specialist located within the North East of England. Indicative proposals, supported by proof of funding, are accepted by no later than 4pm...
This unique holiday accommodation business offers distinctive, design-led stays on over 15 acres of private land, complete with exceptional amenities and a residential property. With a strong occupancy rate of over 90% and excellent guest reviews, it...
FREEHOLD
This exceptional opportunity allows you to acquire a leading UK business in pneumatic tube systems for healthcare, boasting exclusive distribution rights and strong client retention through multi-year service agreements.
16
|
Sep
|
SRG expands retail division with acquisition of North West broker | BUSINESS SALE
Insurance underwriting and broking firm Specialist Risk Grou...
16
|
Sep
|
Pair of Midlands furniture brands fall into administration | ADMINISTRATION
Administrators are set to market the assets of a pair of Mid...
16
|
Sep
|
Training provider to pursue acquisitions with new PE backing | BUSINESS NEWS
Inspiro Learning, a Doncaster-based independent training pro...
05
|
Dec
|
What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS
Private business mergers and acquisitions expert Sue Green o...
03
|
Sep
|
OVM takes over NHS-supplier Therapy Equipment Ltd | BUSINESS SALE
Business growth specialists Owner Venture Managers (OVM) has...
06
|
Oct
|
RTS undergoes successful MBO | MBO/MBI
Automotive training agency RTS has been acquired by its mana...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.