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 deal team advised Tindalls on its company purchase, conducting financial due diligence on the target and raising finance.
Tindalls was established in 1887 as a printer of sheet music but now sells books and stationery from a network of shops in Cambridgeshire. It has grown rapidly and now has a successful Commercial Division supplying stationery direct to businesses and a central warehousing operation.
Heffers Art and Graphics, acquired by Tindalls, is based in King Street, Cambridge. It is regarded as the prime art material retailer in the town and has a strong and loyal customer base. The shop was originally part of the Heffers book shop group which was acquired by Blackwell’s just over five years ago.
The vendors had appointed advisers to market this non-core business and Tindalls were the successful buyer following several rounds of negotiations.
Debt financing was produced by Barclays bank.