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
Skill-based competitions provider selling low-cost tickets to consumers with the opportunity to win cash cars houses & electronic prizes.
Long-standing client base spanning 40 years including county, district and housing associations. Large forward order book with untapped tender opportunities, generating reliable revenue streams for the business.
FREEHOLD
A grounds maintenance company providing landscape maintenance and soft landscaping services to clients operating within the commercial, public and private sectors. Offers a wide variety of services including grass cutting, highway services, countrysi...
FREEHOLD
|
15
|
|
Oct
|
Portfolio of seafront businesses hit the market for £3 million | COMMERCIAL PROPERTY
A group of businesses located on the seafront in the popular...
|
15
|
|
Oct
|
BDR Group secures eight-figure funding package for acquisition drive | BUSINESS NEWS
Stratford-upon-Avon-based ICT firm BDR Group has secured an ...
|
14
|
|
Oct
|
£500k turnover scrapyard for sale with near £1m asking price | COMMERCIAL PROPERTY
AM Jones Scrap Metal Limited, a family-owned and operated sc...
Sign up to receive our acquisition alert emails to get your FREE guide
|
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 your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources