CLB COOPERS has helped management buy out storage equipment provider Palletower in a multimillion-pound deal.
The north-west firm acted as corporate finance and tax advisors to the management team.
Previous Palletower owner Paul Hutchins, who had himself taken over the company in an MBO, said: “I have been proud to successfully grow Palletower since my MBO and take great pleasure in selling the business to the next generation of management led by Matthew Palmer. With sales increasing and an impressive list of clients, I am confident Palletower is well placed for the future.”
Palletower was established more than 40 years ago and operates from premises in Sale and Trafford Park, with manufacturing plants in China.
Financial due diligence of the deal was undertaken by Dow Schofield Watts, while the vendor’s corporate finance advice was received from Clearwater Corporate Finance.
Richard Kateley of Legal & General discusses the advantages of close cooperation between accountants and financial advisers
The Practitioner becomes frustrated with HMRC's approach to a client's VAT investigation
The firm has made key appointments to its executive team, including a new chief financial officer, and a sales and marketing director
Partners at the insolvency firm Craig Povey and Kevin Murphy were appointed liquidators on 2 February