For most people, the sale of a business is the biggest, once in a lifetime transaction undertaken in business, appointing Provantage to sell my life’s work was a shrewd and very satisfying investment. The Provantage team took dedication and professionalism to a new level – Brilliant job!
Provantage Corporate Finance advises Spinaclean on its sale to Lifco AB
Deal Value: Undisclosed
Buyer: Lifco AB
Provantage Corporate Finance is delighted to announce the successful completion of its latest transaction, having advised on the sale of Spinaclean Limited to Sweden headquartered, Lifco AB.
Spinaclean, which is headquartered in Northampton, is a well-established UK-based market leader in the design, sourcing, assembly, distribution, and sale of specialist high-quality proprietary and own-branded cleaning equipment primarily focussed on niche end-user markets. The Company is experiencing strong growth in the UK and in overseas markets, with products distributed in over 26 countries.
Lifco AB is a business group with a total turnover of SEK 13.8 billion, employing c5,400 people worldwide. Lifco’s strategy is to acquire market-leading businesses in niche sub-sectors across three core business areas: Dental, Demolition & Tools and Systems Solutions.
Mark Nice, Operations Director at Spinaclean, said: “I have been thoroughly impressed with Provantage throughout the whole transaction. The Provantage team have been right by our sides from start to finish, their advice and communication has been clear, prompt, and professional, making the journey that much smoother”.
Alex Thompson, Provantage Corporate Finance, commented: “We are delighted to have advised the shareholders on the successful sale of the company. Andy and Mark have built a fantastic market-leading business at the forefront of a niche market. Lifco AB represents an excellent strategic fit for Spinaclean, and I am certain will provide a great home for the business to continue to thrive. It was a pleasure working with the team at Spinaclean and we wish them every success in their continued development”.
Andy Shepherd, Provantage Corporate Finance, commented: “Mark and Andy have created a really strong business from relatively humble beginnings and we’re so pleased to have had the opportunity to advise on the successful sale. Lifco AB represents the ideal opportunity for Spinaclean to continue to grow the brand across the globe, it’s an excellent home for such a promising company. It’s been a great journey to have shared with the team at Spinaclean and we wish them all the very best with their future growth plans”.