Springboard Corporate Finance is delighted to announce that it has advised the Mosedale Family (the founding shareholders of Sertec Group) on the company’s recent refinancing and acquisition. Sertec Group, who are based in Coleshill and are a key supplier to Jaguar Land Rover, completed the takeover of WILD Automotive, creating a £250 million group with 10 manufacturing plants across the UK, Germany and Hungary.
Founded by the Mosedale family 54 years ago, Sertec was successfully sold to the management team in February 2016 in a management buy-out funded by Lloyds Bank and the Business Growth Fund.
David Neate, Partner at Springboard Corporate Finance advised the Mosedale family on their rollover investment. “We were pleased to be involved in this local successful story. Sertec has a long and proud history and this acquisition will undoubtedly enable the company to continue its impressive growth trajectory.”
Graham and Heidi Mosedale, the founding shareholders of Sertec Group commented “Whilst being supportive of Sertec’s acquisition of WILD Automotive, we were keen to protect our financial interests. We engaged Springboard Corporate Finance to assist with this. They offered us practical advice and were tenacious throughout the process. We are very happy with the outcome and would not hesitate to recommend Springboard to others”