The Deal

Charles Barr Furniture Limited are designers and manufacturers of traditional furniture.

MHA Larking Gowen assisted Bill Cleyndert & Company, a business with similar trading activities, with the purchase of the share capital of Charles Barr Furniture Limited. The deal provides our client with horizontal diversification and extra manufacturing capacity.

Key highlight

We worked closely with all stakeholders to ensure a smooth deal process in a timely manner to meet very tight commercial deadlines.

Comments

Bill Cleyndert, majority shareholder of Bill Cleyndert & Company Limited, said

“Ian Nelson and the team at MHA Larking Gowen were instrumental in helping us secure this deal. Ian’s advice and the sensitive approach were invaluable to us. Many thanks for an excellent job.”

Ian Nelson, MHA Larking Gowen Senior Manager, said:

“It was very satisfying to successfully put a practical deal together and work with Bill and his solicitor, to ensure completion took place in under 2 months. The two companies are an excellent fit and it pleasing that traditional local quality manufacturing skills will continue to flourish and serve the global market.”

Our Role

MHA Larking Gowen Corporate Finance Limited was asked to undertake the following work:

  • Feasibility study of target
  • Price guide calculation
  • Negotiations with vendors to agree price and heads
  • Financial and taxation due diligence
  • Advise on the commercial and tax structure for the acquisition
  • Deal management.