Seller

Acquired by

buyer

Rickitt Mitchell has advised WEC Group on an acquisition by a leading US Investment Fund

- Exit deal

- May 2018

- Value: £70m

International sales process led to high-multiple cash-out for the existing shareholders

The investment has enabled the business to fast track its global strategy

Existing shareholders remain in operational control of the business post-transaction

Client Background

Long established private family owned Northwest Steel Fabricator. Key aims were to ensure that the business continued to operate to the same ethos whilst realising the shareholders investment.

Rickitt Mitchell has advised WEC Group on an acquisition by a leading US Investment Fund
Rickitt Mitchell has advised WEC Group on an acquisition by a leading US Investment Fund

The Outcome

Working with several members of our international network, Rickitt Mitchell delivered a disposal to a private US Investment fund that saw the existing owners remaining in operational control of the business post-transaction. The new owners also provide access to significant additional funding for future growth. The all cash deal includes an earn out expected to comprise less than 10% of total deal value.

How we added value

A competitive international process, usitilising Rickitt Mitchell's international network delivered the best outcome for all shareholders. 

The shareholders have been able to realise value through the business, whilst maintaining control enabling them to drive the business further.

Significant cash injection from the US Investment Fund will enable for jobs growth and expansion.

"The team here at Rickitt Mitchell are delighted to have supported a local business through an international process that will help unlock its full potential".

- Stuart Moss | Managing Partner | Rickitt Mitchell
Seller

Acquired by

buyer

Exit deal

Value: Undisclosed

Oct. 31, 2021

Seller

Joint Venture

buyer

Growth deal

Value: Undisclosed

Oct. 13, 2021

Seller

Acquired by

buyer

Exit deal

Value: £9m

Sept. 30, 2021

Seller

investment from

buyer

Exit deal

Value: Undisclosed

Feb. 28, 2021