The strategic acquisition of Profoil by Fab Flamingoes, the parent company of Window Widgets. Window Widgets supply a wide range of accessories and ancillaries, along with The Residence Collection of premium windows and doors, from its manufacturing facility in Quedgeley, Gloucester to over 800 trade customers. Profoil, based in Kettering, provides foiling services to the fenestration and building materials markets in the UK and Ireland . The acquisition is the first for Window Widgets since its management buyout in 2019.
We first worked with the Window Widgets management team on the MBO and have continued to advise them on their strategic objectives. With this understanding of their business and objectives we were able to originate Profoil as an acquisition target, which brought the strategic benefit of integrating one of Window Widgets’ key suppliers into its group. Our involvement in the deal encompassed working closely with the Window Widgets team, leading negotiations with the Profoil shareholders and their advisers, raising additional debt facilities, project managing the due diligence process, and establishing the cash/debt free position of Profoil in order to calculate the final consideration.
WHAT OUR CLIENT SAID:
“Not only did Cattaneo identify Profoil as being an excellent strategic acquisition for us, they advised and guided us through the whole process, our first since the management buy out in 2019. Their advice on all aspects of the process, including on the funding, was invaluable. Their experience, determination and understanding of corporate dealmaking meant any issues or hurdles were anticipated and addressed early. They worked seamlessly with our team to deliver the transaction and I’d have no hesitation in working with them again on future acquisitions.”
Sarah Hitchings, Sales and Marketing director Window Widgets