We are delighted to have advised Alcaeus Holdings Limited, trading as JJS Manufacturing, on their sale to ESCATEC.
JJS is a leading player in the electronics manufacturing outsourcing sector, with facilities across the UK and in the Czech Republic. The business has an enviable list of blue-chip customers and has grown strongly over the last few years, delivering revenues of in excess of £50m. After an MBO several years ago, the founding shareholders had largely stepped back from day-to-day involvement in the business
Our corporate finance advisory team was approached by JJS to advise the shareholders through the transaction after a direct approach from Malaysian based ESCATEC. The team ran a full process focused on delivering maximum value to the shareholders.
Our involvement brought structure and momentum to the process. We were able to secure an increase in the initial offer and agree at the pre-heads stage the principles behind any potential adjustments to enterprise value.
During the due diligence we managed an extensive range of workstreams and questions and built relationships between buyer and client.
There were a number of challenges to solve at completion. We delivered creative solutions, maintained the target equity value and supported our lawyers throughout the process.
