Springboard Cleans up for Aqualisa
September, 2015 - England
Springboard Corporate Finance is pleased to announce that it has advised the management team of Aqualisa on the secondary buy-out of the business funded by LDC and HSBC.
Aqualisa designs and manufactures a range of market-leading digital, mixer and electric showers and accessories, retailing through builders' merchants, distributors, specifiers and showrooms. Founded in the 1970s, the Kent based company has developed a reputation for innovation and is now the market leader in digital showers. The company's commitment to R&D over the years has seen it receive the Queen's Award for Enterprise and Corgi Product of the Year.
The business was bought from RBS and Sankaty Advisors; the credit affiliate of Bain Capital. The MBO team was led by CEO David Hollander and following the deal Aqualisa plans to accelerate its product development and organic growth plans.
The deal was led for Springboard by Partner Simon Ward and James Bailey. Commenting on the transaction, Simon said: 'Aqualisa is a great UK based success story. We are delighted to have been able to help David and his team on the next stage of the development of the business. Advising management teams is one of our key focus areas in the current market place and we were delighted to be able to bring that expertise to bear for the team at Aqualisa'.
The Client on Springboard
"These guys get private equity (they have worked for them), so understand what they are thinking, yet they have great empathy with management.
They were supportive and challenging both for me and the rest of the management team. If I was writing Springboard's strap line I’d say 'straightforward honest management advice". David Hollander, CEO of Aqualisa
About Springboard
We are a market leading independent corporate advisory firm focused on providing strategic, commercial and financial advice and support to a range of clients. We focus exclusively on the following services:
• Acquisitions - supporting corporates and management teams – identifying targets and executing transactions
• Disposals - Full or partial business sales and exits
• Raising finance - working capital or development capital – typically debt or private equity/venture capital
• Retained advisory - strategic, commercial and financial support
If you would like a confidential meeting with one of our Partners to explore how we can help you develop your business please get in touch.
T. +44 (0) 845 838 1680 E. [email protected]
