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.
PEM Corporate Finance provided M&A and tax advice to Adcock Refrigeration.
PEM Corporate Finance were appointed by Adcock Refrigeration to provide M&A and tax advice. Philip Olagunju supported the vendors throughout the negotiation process.
Founded in 1964 by John Adcock, Adcock Refrigeration had grown to become a widely respected organisation within the cooling and heating industry with 230 staff across multiple regional offices.
PEMCF provided analysis and advice to the Vendors relating to completion mechanism, net working capital targets and input on the SPA drafting as required. This resulted in a significant uplift on day one consideration from the initial calculations.
Bowmer & Kirkland acquired 100% of Adcock Refrigeration and Air Conditioning from the Vendors.
Legal advice to the vendor was provided by Laurence Evans and Joe Greenstock from HCR Hewitsons.