Seychell, which was started nearly 30 years ago, focuses on engineering and fabrication of ferrous and non-ferrous metals and plastics and can supply from various sized machined parts through to large fabricated products and in quantities that range from one-off specials right through to high quantity repeat orders. It specialises in difficult to make items for businesses across a wide variety of sectors including automotive, motorsport, medical, aerospace and marine engineering. Many of the customers it serves from its Oxfordshire base are long standing.
Williams has a strong track record in local businesses having previously been Managing Director of Tamworth headquartered Bristan Group, the UK’s largest supplier of bathroom and kitchen taps and accessories, and oversaw its sale by 3i to Masco Corporation and was CFO of Castle Donington based Dimensions Clothing (MWUK Limited), a Gresham Private Equity backed business.
Roger Williams commented;
“I am really pleased to have acquired the business from Lawrence and Caroline and look forward to building on their excellent work in growing the business from its formation to the stable, diversified and successful business that Seychell is today. I plan to invest in additional machinery and improved systems in order to provide an the company’s current customer base with an even better service and also look to re-brand the business with a view to targeting new customers.”
The acquisition was identified by Gary Hyem of Cattaneo LLP as part of its Management Buy-In program, which sources SME opportunities for MBI candidates and teams.
Gary then advised Roger on the acquisition;
“Seychell is an excellent business. We have found for Roger a well-managed, robust, technically strong company with an excellent customer portfolio that fitted his precise acquisition criteria. This is a prime example of how we work with experienced MBI candidates in sourcing acquisition opportunities that we then advise them on making.”
Said Hyem commented;
“It demonstrates how transactions can still be completed in the current climate. I’m delighted to have worked with Roger in finding this opportunity, helping negotiate and structure the deal, and managing it through to a successful completion.”
Mat Harvey of Shakespeares led the legal advice to Roger on the acquisition. Mat commented;
“Seychell is an established business that has remained successful in a difficult economic environment. Roger is the right person to maintain this success and to develop and grow the business during its next stage. It was a pleasure to work with Roger through the process of the acquisition”.
Roger Williams was advised by a local midlands advisory team of Cattaneo LLP as lead financial adviser, Shakespeares LLP as legal adviser with tax advice provided by Dains LLP and insurance advice by JLT.