Jamieson Corporate Finance announces its role in advising the incumbent management team of Nicholl Food Packaging on the management buyout from its private shareholders. The transaction has been backed by equity from Audax Group, a Boston based mid-market Private Equity house, and debt facilities arranged by Barclays plc and The Bank of Ireland.
Nicholl is a leading supplier of aluminium foil containers to the food industry, with strong positions in its core markets of the UK, Ireland, France and Benelux, and over 1,200 products in production.
The business has grown consistently over the past few years and with significant historic capital investment it is well placed to continue to grow into the additional capacity of its existing manufacturing facilities. Management also plan to take advantage of the fragmented nature of the industry by supplementing this organic growth with acquisitions.
“We are delighted to have helped Andrew Dent and the rest of his team to take a stake in the business, and secure new backers for the exciting phase of growth that lies ahead”.
Ian Jamieson, Jamieson