Springboard Corporate Finance acted as adviser on the purchase of Tamworth based Alcon Components Limited which specialises in the manufacture of brakes and clutches for motorsport and high performance vehicles. The management team lead by Alistair Fergusson, successfully acquired the 3i's minority stake in the business.

Commenting on the deal, David Neate, Director of Springboard Corporate Finance, said “We are delighted to have supported Alistair and his team to enable them to successfully complete their transaction. Alcon is an exciting company committed to being on the cutting edge of automotive technology. Following this transaction we are confident that Alcon will remain at the forefront of their market".

Posted 20/09/2007