Completion Date: 01/18
Target: Burgon & Ball
Acquirer: Venanpri Tools
Deal Value: Undisclosed
Details: Spectrum Corporate Finance advised the owners of garden tools manufacturer Burgon & Ball, on the successful sale to Venanpri Tools, the hand tools division of Venanpri Group, and owner of the Bellota and Corona brands. Venanpri tools is a global organisations based in Hamilton, Canada
Corporate Finance Advisers: Spectrum Corporate Finance (sell-side advisers): Clive Hatchard (managing director), Richard Boyden (senior manager) and Robert Chant (manager)
Legal Advisers: Clarke Willmott LLP (sell-side legal advice). Kelvin Balmont, partner, led on the deal. He said: “It was hugely satisfying to act on this international deal for locally headquartered business Burgon & Ball.
This was a significant deal for our client, which has gained an enviable reputation for supplying high-quality products within the UK and Europe. I am certain the business will continue to thrive and grow under Venanpri Tools and look forward to hearing of its successes.”