Springboard Corporate Finance is delighted to announce that it has advised on the sale of Birmingham based Accles & Shelvoke to Frontmatec.
About the deal
Accles & Shelvoke is a world leading manufacturer of captive bolt stunning tools and has been manufacturing in Birmingham for over 100 years. It has been acquired from Minworth-based Eley Group by Frontmatec, a leading global supplier of advanced slaughter lines and other production equipment.
Frontmatec’s ownership of Accles & Shelvoke will support the business’ growth and development of new products and markets which will help the company increase its penetration of the global market place.
How we made a difference
- Provided strategic advice to optimise the exit whilst working closely with the management teams at both Eley and Accles;
- Managed a competitive sales process to maximise the terms of exit and ensure a clean exit;
- Project managed the due diligence and legal processes to enable completion to a tight timetable;
- Negotiated an ongoing supply agreement between Eley Group and the buyer as part of the deal.
