Corporate team works on trio of multimillion-pound takeovers

Baldwins’ corporate finance team has recorded a landmark month after helping three Midlands firms clinch multi-million pound takeovers.

The business advisory firm’s corporate finance team has attracted and facilitated inward investment from the technology, logistics and plant and machinery sectors.

Redditch-based geotechnical data company, Keynetix, was recently acquired by leading global infrastructure software firm Bentley Systems after receiving approaches from a number of suitors in 2018.

Haulage firm MTH Express Services, based in Fradley, was acquired by private equity backed transport company Walkers Transport, which delivers 1.2 million pallets a year across 20 European countries from its Leeds base.

Workshop equipment supplier Telford Group, based at Stafford Park in Telford, was sold to Derbyshire-based national quarrying machinery business Robinsons Longcliffe, enabling Telford Group’s owner to retire.

Martin Poole, corporate finance director at Baldwins, and Mark Selby, national head of corporate finance at Baldwins, worked on the deals.

Selby said: “These deals are a big vote of confidence for the Midlands region, and buck the wider trend of worry and gloom surrounding Brexit.

“There is substantial investment waiting in the wings from individuals and organisations, and banks are still willing to lend, and part of our job is to help connect these investors with businesses looking to take that next step.

“The transaction that we worked on for Keynetix was a great achievement for all involved, and such was the buyer’s keenness to get the deal done, we were able to complete the transaction in just 57 days.  As part of the negotiation process, we met the buyers at their HQ in the US in order to reach an agreement on both the price and structure of the deal.”

Poole worked on the sale of MTH Express Services and also represented Telford Group in their sale.

He said: “These deals reinforce the market knowledge that Baldwins has across various sectors.

“MTH Express Services Limited approached us to explore a sale of the business and through a combination of our knowledge and expertise, a successful outcome was achieved in a relatively short space of time.

“Telford Group Limited has also joined a larger group where it should benefit from various new strategic opportunities which should ensure a successful future.

“Seeing a range of Midlands businesses attracting investment from major multi-million pound companies is hopefully a sign of things to come.”

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