R. A. Howarth (Engineering)
One of East Anglia’s leading independent precision engineers, offering a diverse product range to customers operating within the specialist subsea telecoms and automotive markets.
History dating back to 1970s with few competitors able to illustrate such a track record of longevity and continuous success.
Operating from premises in Norwich, the business had become constrained by resources and were unable to crystallise growth opportunities.
Sale of 100% of the shares to Milltech Precision Engineering Ltd, a local competitor who are a subsidiary of the Indutrade Group.
Indutrade are a Swedish based Plc, listed on the Nasdaw Stockholm, with the Group consisting of 200 subsidiaries in 31 countries across four continents.
Significant cash consideration payable on day one, with continued commitment from the purchaser to the current operation and employment staff.
Fully understood the market dynamics, identifying the strategic buyers and how best to present the Company in order to enhance value perceptions.
Created a detailed information memorandum document to present the Company and the numerous growth opportunities in a professional and credible manner.
Negotiated a deal that surpassed the vendors’ expectations, managed a comprehensive diligence exercise and acted as lead advisers through every stage.