Sunday, August 9, 2020

Trio of transactions for Northampton corporate team

Howes Percival’s Northampton corporate team have completed a trio of high-profile transactions.

Corporate specialists completed the cross-border trade sale of EasyDo Products, a company which designs, manufactures and sells effective household cleaning tools into retail outlets across the world, to an American buyer.

EasyDo, with a manufacturing facility based in Wellingborough, manufactures the refillable and dispending Dishmatic washing up tool, as well as other household brands including Glide, Bathmatic, Linti and homeproud. The team at Howes Percival worked closely with the corporate finance team at Grant Thornton to achieve an exit for the family shareholders.

Alongside the corporate finance team at Haines Watts, the Howes Percival team also helped the shareholders of longstanding client Digital Post Solutions Ltd in their sale of their business to The Mailing Room. The disposal of Dunstable based DPS, suppliers of franking machines to more than 2,500 companies across the UK, allowed co-founder Terry Smart to retire, whilst the company’s other co-founder Mark Steele and fellow director James Johnson will help integrate DPS’s accounts into TMR’s organisation.

Finally, Howes Percival’s Northampton team completed the successful disposal of both Metrol Springs Ltd and Nitro Springs Manufacturing Ltd to Swedish firm Lesjöfors AB. Northampton based Metrol is a leading manufacturer of tooling gas springs, special purpose gas springs, and gas struts. Metrol serves the industrial and automotive sectors and has a customer base that spans the UK, Europe, the US, and Asia.

Lesjöfors has also acquired the real estate on which the manufacturing plant is located through shares in Nitro Springs Manufacturing Ltd. Howes Percival once again teamed up with the corporate finance team at Grant Thornton to reach a successful outcome for the shareholders.

Each of the transactions were advised upon and led by Howes Percival’s corporate team specialists, Matt Thompson (Director) and Gerald Couldrake (Partner). The Corporate team were also assisted by commercial property lawyers Lucy Lord (Partner) and Alexandra Kirkwood (Director), together with employment lawyers Simon DeMaid (Partner) and Hannah Pryce (Director).

Howes Percival’s Matt Thompson said: “The three transactions followed an extremely busy period for local deals. Despite much political and economic uncertainty throughout the last 12 months, we have seen an increase in instructions from new and existing clients who are still keen to grow and expand their businesses or exit and realise their life’s work.

“It has been an absolute delight to work with the shareholders of EasyDo, DPS and Metrol over the last few months to conclude each of the transactions, and we look forward to following the success of the businesses as they continue to grow under new ownership.”

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