CellPath
CellPath was founded by Peter Webber in 1969 as a histology consumables company, eventually expanding into equipment and today is a company that specialises in the manufacture and global supply of cellular pathology products, consumables, and services. The CellPath brand is connected with cutting-edge, well-proven solutions that are made to a high quality. CellPath products support the cellular pathology workflow of leading hospitals and laboratories in the United Kingdom and Europe.
StatLab is a portfolio company of Audax Private Equity and Linden Capital Partners. They teamed up with StatLab in 2020 to launch a global instrumentation and consumable goods business in the life science instruments and diagnostics industries. StatLab Medical Products is a US-based market leader in the development and production of high-quality histology, cytology, and immunohistochemistry diagnostics. It partners with anatomic pathology laboratories to provide convenient access to more than 3,500 high-quality diagnostic equipment at affordable prices, all backed by expert support.
The addition of CellPath to the StatLab family broadens the combined company’s manufacturing capabilities and product portfolio and, in concert with the prior Pyramid acquisition, serves as StatLab’s European beachhead, helping to accelerate international organic growth.
Folan
Regent Assay is pleased to announce that it has acted as the exclusive financial advisor to FOLAN on its acquisition of Mainframe Communications. The acquisition of manufacturer Mainframe Communications sees the company enter the UK market through a well-known player already firmly established in the rapidly expanding fibre sector. Created in 1988 and owned until now by its founders, brothers Ian and Bill Carter, the company is known for its expertise in the design, assembly and distribution of passive optical equipment, solutions and connectivity for FTTx, industry, data centers and optical LAN. With certification from the main national operators, its solutions are acclaimed for their quality and design.
FOLAN and Mainframe Communications have much in common, their synergies extending from expanding the range of products and solutions they offer their respective clients to the financial and business capacity to create a more capillary network in the United Kingdom market. Their collaboration will thus provide a greater capacity to meet the needs of UK clients as well as the means to support them in the swift and innovative deployment of FTTx and Data networks throughout the UK.
By becoming the UK subsidiary of FOLAN, Mainframe Communications is set to accelerate its development and rapidly strengthen its teams. The acquisition will lead to an acceleration of the Group’s international operations, their contribution eventually increasing to 40% of its income, compared with 15% at present.
“By gaining a foothold in the UK through Mainframe Communications, which is well-known and fully embedded in the country, we are continuing our project to expand both the Group and FOLAN, strengthening the capacity of this national player and enabling it to seize the opportunities provided by the simmering fiber market in the UK,” comments Ludovic Robert, President and CEO of the parent company.
“We are very pleased with the Mainframe acquisition. Regent Assay demonstrated a clear understanding of our market and provided a comprehensive qualified list of all of the relevant participants in the UK fibre optic market. They provided an excellent, professional service to help us choose and acquire our preferred UK partner”
Bertrand Sarrere – Group CFO
This transaction demonstrates Regent Assay’s expertise and track record in the telecommunications and technology sectors.
The Regent Assay team comprised: James Calvert, Partner and Chris Taylor, Partner.
Regent Assay has over 30 years experience in advising companies across all sectors including Technology, Healthcare and Support Services, providing M&A services ranging from company sales and divestments, acquisitions, capital financing, advisory services and valuations.
Whether you are seeking to acquire a company, divest a division or sell your business, Regent Assay’s industry knowledge, experience and global reach will ensure that you achieve the best result.
Multi Fan Systems Limited
Regent Assay Corporate Finance has advised the shareholders of Multi Fan Systems Limited (“Multi Fan”) on the sale of the business to Telford based, Filtermist International Ltd.
Multi Fan, based in Stourbridge, is a strategic bolt on acquisition and will be integrated into Filtermist’s current service offering in the United Kingdom.
Oil mist filters manufacturer Filtermist, part of the Swedish owned Absolent Group, has expanded its service offering in recent years to include the effective removal of dust, fume and smoke from industrial workplace air.
Regent Assay supported founder David Fall and fellow majority shareholders Richard Field and Kevin Hood throughout the process to completion, negotiating and structuring the deal in order for the exiting shareholders to maximise the value realised.
The deal was led for Regent Assay by Guy Hemington and Greg Fowler. Commenting on the deal, Greg said: “The shareholders have built a successful business over the course of the last 15 years and we are delighted to have been able to assist them in realising value. The strategic fit with Filtermist is an excellent one for all parties and we expect both businesses to thrive in the next chapter of their development. We continue to see a range of interesting opportunities to work with owner managers to deliver their strategic goals.”
Weightmans provided legal advice to the exiting shareholders while Legal Clarity and PKF Cooper Parry provided legal advice and financial due diligence to Filtermist.
H&T Labour and Vacuumation Services
Regent Assay Corporate Finance advised the shareholders of H&T Labour and Vacuumation Services (“H&T”) on the sale of the business to Dublin based One51 plc, a Group comprising of three operating businesses focused on environmental services and plastics together with an investment portfolio.
H&T is a specialist industrial services operator providing a range of maintenance and industrial cleaning solutions to the cement and manufacturing sectors throughout the United Kingdom. Based in Rugby, H&T is a strategic bolt on acquisition and will be integrated into One51’s environmental services division, ClearCircle Environmental (“ClearCircle”), to further expand ClearCircle’s service offering and geographic reach in the United Kingdom.
Regent Assay supported founder & majority shareholder Richard Turner throughout the process to completion, negotiating and structuring the deal in order for Richard and the other exiting shareholders to maximise their consideration ahead of his retirement.
