Provantage Partners not only identified and introduced a Polish strategic buyer but worked closely with us over an extended period of time to appraise our strategic options. They were personally committed throughout and were creative and original in dealing with a non-standard process
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Project: CDA Group
Sector: Consumer
Deal Value: £24m
Buyer: Amica Wronki – Polish Listed Corporate
Through our international contacts we introduced kitchen appliance manufacturer CDA Group to Polish-listed Amica Wronki – £43m turnover CDA was established 24 years ago and employs more than 200 staff
On first introduction CDA were reluctant to sell however as the relationship developed the shareholders acknowledged that the two companies would significantly benefit from the acquisition
Amica Group, which makes white goods, purchased Langar’s CDA Group as part of its strategy to achieve sales of €1.2bn (£845.4m) by 2023. Their first acquisition in the UK allows Amica to strengthen the sales of Amica products in the UK