News - Published 8th October 2019

Deal Alert: we advise on the sale of Precise Engineering business to Private Equity

Deal Alert: we advise on the sale of Precise Engineering business to Private Equity

Our Corporate Finance team have advised the owners of Quelch Engineering Ltd on the successful sale of the company to Owner Venture Managers, a private equity firm specialising in manufacturing, contracting and processing, for an undisclosed sum. The sellers were the second generation of the family to run the business and were looking to retire.

About Quelch Engineering

For over 50 years Quelch Engineering has been based in Uxbridge Middlesex, maintaining a reputation for innovative cnc machining and manufacturing skills across a high technology client base encompassing the Aerospace, Telecommunications, Motor Sport, Medical, Marine, Instrumentation and Petrochemical Industries.

Menzies supported Quelch Engineering through the process of identifying a suitable purchaser who could enable the sellers to exit with the reassurance that the new owners could lead the business through to a new chapter.

“This was a completely new experience for us so it was really important to have advisors who could navigate us through the long and complex process. Mike and Tabitha at Menzies were very supportive and provided practical and clear guidance at every stage. From the beginning they understood what we wanted to achieve and successfully turned this into a real solution.”

Alan See, Chairman of Quelch Engineering
Mike Grayer - Menzies Accountant

Mike Grayer, Head of Menzies Corporate Finance, said:

“We are delighted to have advised and supported the owners in realising their ambitions through a sale of the business. The structure of the transaction was negotiated to ensure that the sellers achieved a strong valuation whilst also protecting the interests of employees, the reputation of the business, and an excellent platform for continued growth.”

David Smellie of BP Collins worked closely alongside Menzies in advising the vendors through the legal due diligence and completion process, and was instrumental in delivering the final outcome.

About Menzies Corporate Finance

We take a quality driven, proactive and personal approach to advising transactions. Our corporate finance team will provide you with director-level advice and support, while working alongside other Menzies employees from the wide ranging skill set that is readily available within the firm to ensure that the advice we give encompasses all your needs.

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