Sale of ICS Cool Energy

    Completion Date: 01/18
    Target: ICS Cool Energy
    Acquirer: Ingersoll Rand
    Deal Value: Undisclosed
    Details: Spectrum Corporate Finance advised the owners of ICS Cool Energy on the successful sale of the company to Ingersoll Rand, a leading manufacturer and supplier of HVAC equipment, headquartered in the USA. ICS Cool Energy will become part of the company’s Commercial Heating, Ventilation and Air Conditioning (HVAC) business
    Corporate Finance Advisers: Spectrum Corporate Finance (sell-side advisers): Clive Hatchard (managing director), Darren Miller (director) and James Mines (director)
    Legal Advisers: Osborne Clarke and Moore Blatch (sell-side)
    Financial Due Diligence: Ernst & Young
    Commercial Due Diligence: CIL