Company News
Majority sale of shares for Orbital Fabrications
1–2 minutes
PEM were appointed by Orbital Fabrications to provide M&A advice on the sale of 80% of its shares.
What we did
PEM were appointed by Orbital Fabrications to provide M&A advice on the sale of 80% of its shares. Philip Olagunju and Jan Ansari supported the vendors throughout the negotiation process.
Company background
Orbital Fabrications was a leading player within manufacturing of components and systems for handling of various gases with high demand of cleanliness. Located in Cambridge with around 80 employees, their turnover was approximately £14 million with good profitability.
What was special?
PEM provided full transactional support to the Vendors including renegotiating an uplift in value to reflect improvements in company performance.
Deal structure
80% of the shares were sold to Bergman & Beving AB with 2 of the Vendors each retaining 10% with an option to sell the remaining shares at a pre-determined time
Legal advice to the vendors was provided by Inger Anson, Monty Chamberlain and Annabelle Oomens from HCR Hewitsons. Nina Smith at Shoosmiths advised Bergman & Beving.
Please note that this content is not intended to give specific technical advice. It is designed to highlight some of the key changes rather than provide an exhaustive explanation of the topics. Professional advice should always be sought before action is either taken or refrained from as a result of information contained herein.
