Total acquires PCML for EV of £20m

Total Capital provided a complete equity and debt funding package of £17m and will take an 85% equity stake in the business. The firm invests on a deal-by-deal basis.

The deal facilitated the exit of retiring shareholders.

Following the transaction, the business aims to make targeted acquisitions and strengthen its core activities in the biotechnology and medical industries.

Company
Headquartered in Cambridgeshire and with five manufacturing sites in East Anglia, PCML provides manufacturing of custom components and assemblies to clients in R&D-intensive industries. The business generates revenue of £13m and was founded in 1996.

People
Total Capital Partners – Paul Brown (partner).

Advisers
Equity – Ward Hadaway, Katherine Richards, Clare French (legal); Grant Thornton, Mo Merali, Jon Stubbings (financial due diligence); Oliver Bridge, David Bovis (operational due diligence); Luminii Consulting, Lushani Kodituwakku, Ioana Nobel (commercial due diligence).
Vendor – KPMG, Alex Hartley, Alastair Horrocks, Richard Lee, Harry Simmons, Albert Thornton (corporate finance); Taylor Wessing, James Goold, Suzy Penney (legal).

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

• Topics
• Buyouts
• UK / Ireland
• Industrials
• KPMG
• United Kingdom
• Grant Thornton
• Taylor Wessing