LDC backs management buyout of PAW Structures

Following the deal, PAW will invest in its production facilities and look to expand its range of services.

The company's founder Alan Walker will remain with PAW in the role of director and board member as part of the deal, while LDC investment director Dale Alderson will join the board as non-executive director.

The transaction marks LDC's third investment in Yorkshire and the north east of England in 2016. In April, the firm supported the MBO of cycling business Zyro and its subsequent bolt-on of Fisher Outdoor Leisure, while earlier in September it invested £16.5m in computer games developer Team17.

Company
Founded in 2001 and headquartered in Skipton, Yorkshire, PAW designs, manufactures and installs pre-engineered structural steel and light gauge framing for use in the construction sector. It has a headcount of 80 people across its sites in Skipton, Brighouse, Evesham and Glasgow.

PAW anticipates a turnover of £23m in the current financial year.

People
LDC – Dale Alderson (investment director); John Garner (director).
PAW Structures – Roger French (CEO); Paul Smith (construction director); James Walker (commercial director); Andrew Walker (technical director).

Advisers
Equity – Grant Thornton, Richard Goldsack (corporate finance); Addleshaw Goddard, Garry Elliott (legal); PwC, Will Oxley (financial due diligence); CIL (commercial due diligence).
Company – Camlee Group, Paul Thompson, Cameron Varley (corporate finance); Walker Morris, Ian Gilbert (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• UK / Ireland
• Industrials
• United Kingdom
• LDC