Springboard advise on cross border merger of Carousel and LSi Logistik


 

Springboard is delighted to announce that it has advised on the cross border merger of personalised logistics specialists Carousel and German-based LSi Logistik.

About the deal

Carousel is the UK’s leading personalised logistics supplier. An investee company of Livingbridge, the business designs and manages bespoke solutions for clients with customised specialist or high touch customer care requirements.

Established in 1986 and with operations in Kent and the Midlands, Carousel works with a number of blue chip clients. LSi provides similar services to Carousel operating in Germany, Spain, Portugal and Switzerland.

How we made a difference

  • Advised the company throughout all stages of the process;
  • Supported on the preparation of the financial model and integration plan; and
  • Project managed the delivery of a bespoke debt package to fund the transaction.

The Client on Springboard

“This was a complex merger and our first transaction in Europe.  Springboard were an integral part of our team.  They provided invaluable support and counsel to us in all aspects of the process as well as leading the raising of debt finance to support the deal.”

Graham Martin – Chief Executive, Carousel

 


WHAT OUR CLIENTS SAY

"The sale of Portman was a complex transaction, Springboard provided excellent support to the institutional and management shareholders throughout the process. Their practical, partner led advice was invaluable in delivering a successful outcome."
Daryl CohenVision Capital
"We are indebted to Springboard for their professional and dedicated work in successfully bringing the two companies together. Their experience proved invaluable in addressing the complex negotiations whilst allowing the management team to focus on continuing to grow the business. I am in no doubt that Springboard saved us time and energy, reduced our stress, and worked tirelessly to achieve this outcome."
Brian McCluskieTollblend
“It’s a great feeling knowing that we had a highly professional and experienced team of advisors supporting us throughout. It was invaluable having Springboard managing the whole process for us which enabled us to keep our focus on running our business. They are particularly diligent and remained 100% focused on keeping the deal fully on track and getting us to the end point.”
Hilary ScanlonAshley Kate HR