Peter Raybould from our Corporate team advised Rowan (216) Limited on the sale of Newent based Ladder and Fencing Industries (LFI) Limited.
It was a complex transaction with Part management buy-in (one director and shareholder bought into the business) and part management buy-out (one existing director of the target company subscribed for shares in the purchaser) backed up by bank loan allowing LFI to explore further opportunities to grow its business.
Established in 1947, of Ladder and Fencing industries (LFI) Limited is one of the UK’s leading suppliers and manufacturers steel, timber, aluminium and GRP ladders, steps and access equipment.
David Walker, Director of Rowan (216) Ltd said:
“Thank you and your team for your steadfast commitment and professionalism in completing the legal due diligence process for the sale of my company. I was new to the process and your guidance and wisdom were highly reassuring during some difficult negotiations.”
“All members of the Harrison Clark Rickerbys team were extremely helpful, always available and very patient. Peter Raybould, in particular, was highly professional and coped well with my occasional rants! Please pass on my sincere thanks.”
“ I would have no hesitation in recommending HCR to anyone requiring a ‘no-nonsense’ approach to getting the job done and I look forward to working with you again in the future.”