Silclear acquired by Private Investor
Acting on behalf of Silclear and its shareholders of Hampshire, England, the Manchester office of global sales specialist, Benchmark International, successfully facilitated the 100% sale of Silclear to private investors for £1.75m, 6x EBITDA.
With over two decades experience, Silclear (http://www.silclear.co.uk/) specialises in the manufacture of silicone products to the medical and dairy industries.
The acquirers, high net worth individuals who recently sold their global engineering group, specialise in the oil and gas industries.
Silclear’s shareholders were seeking an exit to pursue retirement plans after 25 years of successful trading. The marketing process generated 36 suitable parties of which 2 candidates progressed to the negotiation stage. Benchmark International’s Deal Transaction Team received offers from both parties and delivered our clients wishes of a structure which gave them the total transaction value within 6 months of completion with a large tranche on day one. With completion funds secured our client can enjoy retirement life immediately.
We would like to wish everybody involved in the best of luck for the future, particularly our clients who we hope will thoroughly enjoy retirement.