Castle is pleased to announce completion of the multi-million-pound sale of a long-established UK importer and distributor. Castle was lead adviser throughout the engagement, designing and leading an international market process, culminating in the sale of the group to an aligned overseas acquirer.

Our client commented: “Castle is a highly experienced corporate finance adviser, sure-handedly leading us through our first sale process and expertly navigating the many challenges that were faced throughout the transaction. The Castle team proficiently handled the numerous commercial matters that arose along the way, skilfully resolving both seller and buyer concerns, and effectively project managing a cross-border transaction to a successful completion for all.

Stuart Stepney and Alex Nursey at Castle have gone above and beyond in managing this project – thank you for all your help and support.”

Stuart Stepney, director at Castle, added: “For confidentially reasons, we are unable to disclose full details of this transaction. The group has been trading since the 1960s and has grown to become one of the market leaders in its field. It was therefore important that a process was carefully designed to elicit interest from a shortlist of strategic acquirers that not only recognised the group’s assets, but also the value of the loyal employees who had contributed to the business’s success over the years. This was a complex transaction, dealing with various shareholder groups, both in the UK and overseas, as well as managing all negotiations with an overseas buyer acquiring in the UK for the first time.

We are delighted to have been involved in such an important transaction and wish all those involved the very best for the future. We trust the enlarged group will continue to go from strength to strength.”