Manchester advisers secure multi-million-pound sale of accessible products firm

A team of Manchester advisers have secured the sale of AKW Limited (“the Company”), a manufacturer of accessible bathroom, kitchen and daily living products for people with reduced mobility, in a multi-million-pound deal.

The company, which employs 270 people and is based in Droitwich Spa in the West Midlands and Braddon on the Isle of Man, was acquired by funds managed by PennantPark Investment Advisers.

Anthony Collier and Steve Williams, partners at specialist business advisory firm FRP Advisory LLP, advised on the sale, with legal advice from Tim Taylor at Addleshaw Goddard.

AKW Limited was advised by Susan Kelly of Squire Patton Boggs.

Collier said: “AKW Limited is a market-leading business and we are confident that the company can be taken forward and fulfil its potential under PennantPark’s ownership.”

Since it was founded in 1982, AKW says its mission has been to support independent living with superior quality products that are practical, safe, and beautifully designed.

This will remain unchanged and its headquarters will remain in Braddan, with additional significant presence in Droitwich Spa.

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