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Livingstone Partners LLP is regulated by the FCA
website by Hughes Media
Livingstone Partners is an international investment banking organisation,
the partner firms of which are separate legal entities. All rights reserved.
Engineering a Deal for M.G. Sanders
January 2006
M.G. Sanders, a supplier of high added value precision engineering products and services has been sold to Rubicon Partners Industries (‘RPI’). Its four main activities are:
Mr Sanders approached Livingstone, to discuss the sale of the £6 million turnover company, and was keen to ensure that the Company was sold to a Purchaser which would drive the business forward but maintain its current site, integrity and quality. With this brief in mind the Livingstone team marketed the business to a discrete shortlist of international purchasers they had identified, selecting only those who would not seek to shut or relocate any of the business. At the same time, the transaction needed to allow Mr Sanders to retire from the business shortly after concluding the deal. That purchaser was industrial holding company RPI run by experienced entrepreneurs who have acquired over 50 businesses.
Melvyn Sanders comments: “I have to praise the quality of the service from Livingstone and the tenacity of the people involved. Without them I don’t think I would have sold the business at all and certainly not in the manner I wanted - they were determined to make the sale happen for me. Gordon and Graham provided a clear understanding of the process and guided me on a step-by-step basis from our first meeting to the day of completion. They were always there when I needed them and we developed a great relationship over the time we were working together.”
Gordon Blair, a partner at Livingstone, says: “RPI, an experienced and capable deal doer, was the most attractive partner in terms of pricing and crucially its intention to maintain the integrity of the business and allow Mr Sanders to retire.”
Gordon Blair, Partner
Tel: 020 7484 4705
Email: gblair@livingstonepartners.co.uk
Graham Carberry, Deal Leader
Tel: 020 7484 4728
Email: gcarberry@livingstonepartners.co.uk