Springboard advises on Accles & Shelvoke sale to Frontmatec


 

Springboard Corporate Finance is delighted to announce that it has advised on the sale of Birmingham based Accles & Shelvoke to Frontmatec.

About the deal

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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.

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.

The Client on Springboard

“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”

Martyn Vitty – Finance Director, Eley Group


WHAT OUR CLIENTS SAY

“Springboard delivered exactly what they promised – a refinancing deal on our terms and in a timely manner. We are delighted with the outcome and would highly recommend Springboard."
Chris DavisDunlop Systems and Components
“The transaction would simply not have been possible without Springboard’s expertise and support over many months. They offered insightful advice every step of the way, from structuring a sensible offer, testing the deal logic, navigating the tricky parts of the negotiation and providing active guidance on fund-raising.  I am happy to give them a five-star recommendation.”
Rod Roberts-DearDearnleys and Pentel
“From the outset it was clear that Springboard understood our parameters for success.  Whilst our deal faced a number of challenges, Springboard’s commitment to get the transaction done and to achieve our agenda did not waiver.  Springboard demonstrated excellent knowledge of the equity funding market and we would recommend them to others.”
Steve BergKeTech Group