Majority sale of shares for Orbital Fabrications
PEM Corporate Finance were appointed by Orbital Fabrications to provide M&A advice on the sale of 80% of its shares.
Our buyout specialists advised the management at C3 on their MBO transaction, setting the company on a path for continued growth.
C3, based in Cambridge, develops communication platforms and associated applications, which enable businesses to automate their call handling processes, to generate new revenue streams, improve call handling efficiency and lower costs.
Since 1990 over 350,000 lines of communications technology have been installed worldwide. The company has a broad customer base covering a wide range of sectors including Retail companies, Hospitals and NHS Trusts, Local Authorities, Universities, Telecom companies, Virtual Call Centres and Interactive Service Providers. C3 equipment is used for a broad range of applications such as television phone-ins, monitoring lone workers in various work environments and helping loved ones to keep in touch with troops abroad.
The deal allowed this Cambridge based technology business to develop to its full potential by incentivising management and providing adequate financial resources for growth.
Debt finance was provided by Lloyds TSB Corporate and equity finance by management.