Springboard Corporate Finance is pleased to announce that it has advised the management team of Aqualisa on the secondary buy-out of the business funded by LDC and HSBC.
About the deal
Kent based Aqualisa designs and manufactures a range of market-leading digital, mixer and electric showers and accessories, retailing through builders’ merchants, distributors, specifiers and showrooms.
Founded in the 1970s, the company has developed a reputation for innovation and is now the market leader in digital showers. The company’s commitment to R&D over the years has seen it receive the Queens Award for Enterprise and Corgi Product of the Year.
The deal was led for Springboard by Partner Simon Ward and James Bailey. Commenting on the transaction, Simon said: “Aqualisa is a great UK based success story. We are delighted to have been able to help David and his team on the next stage of the development of the business”.
How we made a difference
- Advised management team throughout all stages of an intense and concentrated process;
- Negotiated an excellent commercial deal including complex tax structuring; and
- Project managed delivery of deal in terms of roll-over, cash and acquisition funding.
David Hollander - CEO, Aqualisa
These guys get private equity (having worked for them) and so understand what they are thinking, yet have great empathy with management. They were both supportive and challenging for both me and the rest of the management team. If I was writing Springboard's strapline, I'd say 'straightforward, honest management advice'.