Grant Thornton advises Constant Equity Ltd Constant Equity acquired Keencut Technology Ltd

April 2017
Constant Equity
Adviser to Constant Equity on their acquisition of Keencut Technology
£undisclosed
Grant Thornton team
Industrials
Buy side
Transaction services
UK

We are delighted to have advised Constant Equity on their acquisition of Keencut Technology Ltd.

Constant Equity is an investment firm, set up by Paul Moxon to invest in established manufacturing and industrial companies with a turnover of £2-10million and operating profit up to £1million. They provide growth capital as well as co-investing or purchasing the full share capital of businesses that meet their investment criteria.

Keencut Technology Limited design and manufacture manual cutting machines for the digital print industry. Manufactured exclusively at the Keencut factory in Corby, Northamptonshire, the current extensive product range is the result of constant development and upgrades for over 30 years.

Keencut was acquired by Constant Equity to add to their local portfolio and increase value through international growth and product innovation.

Our team provided financial and tax due diligence services relating to the acquisition.

The transactions advisory services team assisted Constant Equity throughout the process, ensuring there was effective and continuous communication, which was particularly important to Constant Equity as they were drafting the terms of the Share Purchase Agreement and were in discussion with potential bank funders alongside our work being delivered.

The flexibility in our approach enabled the team to be proactive for Constant Equity and present key findings in a timely manner. The team also ensured they were available for any queries as they arose. The team’s insight into Keencut's business model, historical results and tax implications of the acquisition proved invaluable in the decision-making process carried out by Constant Equity.

Testimonial

“We are grateful for Grant Thornton’s help with this transaction. They provided clear and professional advice throughout and we look forward to working with them on future transactions.”

Paul Moxon Director, Constant Equity Limited
Transaction