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.
Justin Sparks and James Bailey of Springboard advised Eley Group on the transaction. Justin commented “Accles & Shelvoke is a Midlands based business which has a long and successful history. The business reflects the UK’s outstanding skills in manufacturing world class products. We were pleased to support Eley Group to find an international strategic partner. This deal represents an excellent opportunity for Accles to build on its historic success as part of a global player.”
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.
Martyn Vitty, Finance Director - Eley Group
I found the Springboard guys really easy to deal with, and felt at every point they were fully engaged in the deal process. They quickly got to grips with the main issues and worked alongside us to positively resolve them. Overall Springboard were crucial in achieving the value we did out of the transaction, and I would happily recommend them to others.