Acoustic Manufacturer secures £500k in new capital to fund operational restructuring and a buyout.
Advisers B&Y facilitated the £500k capital injection and ownership buyout following a period of stagnant turnover.
A thermal and acoustic insulation product manufacturer serving white goods manufacturers and prestige car brands with a history dating back to 1890.
An established acoustic and thermal insulation manufacturer has secured £500k in new capital to restructure operations and buy out existing shareholders. The injection follows a period of stagnant turnover at £14m and a failed fundraising attempt eighteen months prior.
B&Y advised the business on the transaction, securing two serious offers from four investor meetings within four weeks. The chosen proposal provides a complete turnaround solution, bringing in a new set of owners with expertise in driving profitability and future growth.
Investor perspective
"The project transformed from a requirement for working capital to a complete turnaround solution, and there was a significant level of interest from our investors from day one. I am delighted that in the end we found the right new set of shareholders, who bring with them enormous expertise in driving growth and profitability."
Gavin Heys
Associate, B&Y
Use of funds
- 01Scale operations
- 02Fund acquisitions
Categories
About the company
Acoustic Manufacturer
Thermal and acoustic insulation products are manufactured for automotive and white goods brands.