Corporate Finance Deal Announcement: Sale of trade and assets of Electropatent International Ltd
MHA MacIntyre Hudson Corporate Finance is delighted to announce the disposal of the trade and assets of Electropatent International Ltd (“Electropatent”) to Burland Technology Solutions Ltd (“Burland”).
Having traded for over 40 years, Electropatent has developed a brand that is synonymous within the cable management market specialising in the design, manufacture and supply of flexible and versatile power, voice and data systems. The acquirer, Burland, delivers intelligent, innovative products and solutions for power management and has become a dynamic force in the market since it was founded by Managing Director, Richard Vass around 25 years ago.
Following the transaction Electropatent’s operations will be merged into Burland’s existing sites in Ipswich and South Wales.
James Lawson and Tom Shaw of MHA MacIntyre Hudson Corporate Finance undertook the role of lead advisor to Electropatent and were responsible for the negotiation of the transaction with Burland and provided strategic advice throughout.
Advisers to Electropatent International Limited:
Corporate Finance: MHA MacIntyre Hudson Corporate Finance Ltd
James Lawson (Director) & Tom Shaw (Executive)
Legal: Lewis Silkin LLP
Fergus Payne (Partner), Alison Clements (Managing Associate) & Sadiq Tajbhai (Senior Associate)
Commenting on the rationale for the transaction, Richard Vass said
“As the market leading brand in the space, Electropatent’s intellectual property will complement the Burland’s own extensive portfolio. I am committed to investing in the Electropatent brand and to working with its strong and loyal customer base to continue to provide the high-quality new and existing product and services to which they have become accustomed.”
John Morris, Electropatent’s Managing Director who will be retiring following the transaction commented:
“Having been involved with Electropatent for in excess of 12 years, I am very pleased to know that Electropatent has found a strong and stable partner in Burland. Richard Vass clearly believes in the Electropatent brand and is committed to investing to ensure continuation of our proud history. We are grateful to the team at MHA MacIntyre Hudson and Lewis Silkin who advised on the transaction.”
James Lawson, Director at MacIntyre Hudson Corporate Finance added:
“Electropatent has a long history and proud reputation carved out by the late founder, John Newman. It has been a pleasure to advise on this transaction, working with, and opposite, a team of exceptionally professional advisers, and to have played a role in securing the future of the Newman family’s legacy.”
How can we help?
If you would like to know more about this deal or how we can assist you or your clients, please contact Robert Kidson.