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April 2023

Godiva Bearings

Röko AB

Adviser to Godiva Bearings on their sale to Röko AB

£undisclosed

Grant Thornton team

Nick Gillott
Head of Industrials, Corporate Finance Advisory

Industrials

Sell side

Corporate finance

We are delighted to have advised Godiva Bearings on their sale to Röko AB

Godiva is one of the UK’s leading independent maintenance repair and overhaul (MRO) distributors specialising in the supply of industrial MRO spare parts to both the bearings distribution trade (wholesale / B2B) and high-performance motorsport.

Following a previous MBO the shareholders had reached the right stage to explore a new transaction event providing the opportunity for some shareholders to step away from the business whilst allowing continuing shareholders to drive the business forward with a new strategic investor.

We ran a bespoke and structured sale process aligned with the strategic objectives of all shareholders, which resulted in significant interest from a variety of buyers.

Stockholm headquartered Röko AB was chosen as the preferred bidder due to the alignment with the ongoing managing director, Tom Hamlett, whilst providing a solution for the outgoing shareholders.

We leveraged their expertise within the industrial products and knowledge of the financial investor landscape to deliver a bespoke solution aligned with the objectives of all shareholders.

This resulted in a strong outcome for all parties and secured a strategic partner for Godiva to drive the business forward under new ownership.

Testimonial

We were delighted with the support and advice provided by Grant Thornton. The team were there every step of the way, providing clear strategic advice and support, delivering a fantastic outcome for us to secure with the right strategic partner. We would have no hesitation in recommending Grant Thornton to anyone seeking to realise value in their business.

Tom Hamlett Managing Director, Godiva Bearings