Clarke Willmott advise Aluminium Developments Group
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Cowgill Holloway advise Aluminium Developments Group Ltd on the acquisition of Corby-based, Aluminium Shapes Ltd
Leading independent accountants and business advisors, Cowgill Holloway LLP, have advised Aluminium Developments Group on their acquisition of Aluminium Shapes Limited, an aluminium extrusion and component manufacturing business based in Corby from Pemberton Capital.
Aluminium Developments Group is led by Group CEO Joe Martoccia and Paul Sullivan MD of Anglo European Group who have taken a significant equity stake in the business.
Employing over 60 people, Aluminium Shapes serves a wide range of industries and offers its customers a complete end-to-end service, from design and prototyping right through to component production.
Paul Stringer, Partner and Robin Prestage, Senior Manager at Cowgill Holloway advised on the deal and assisted with fund raising. Paul commented: “We have been working with Joe for some time to identify a suitable opportunity and believe that the acquisition of Aluminium Shapes provides a great platform for the future’’.
Speaking about the deal, Joe commented: “Investment from Anglo European Group and the management team, together with funding from AIB (GB) delivered a well-structured, robust platform for growth in what is an exciting and dynamic sector. Collaboration with Anglo European in the fenestration and road transport markets will provide additional opportunities for growth, building on what is an already diverse customer base’’.
“The team at Cowgill Holloway have proved invaluable in their search for an acquisition opportunity and by identifying investors and funders to enable the acquisition to complete. They’ve been able to provide us with the corporate finance and taxation advice and expertise we’ve needed throughout the transaction’’
Legal advice to Aluminium Group Developments Limited was provided by a team at Clarke Willmott LLP led by corporate partner Ed Foulkes. He commented: “This was a complex transaction to work on with multiple parties involved. We’re delighted to have been able to assist Joe and Paul on the deal and it’s clear that the business is in very good hands. We wish them, and expect them to have, every success going forward.”
Posted: 30 March 2017
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