Newspace specialise in the manufacture of Portable Anti Vandal Accommodation Units and Storage Containers. With over 30 years of experience, Newspace is recognised as being the industry leader, supplying a wide range of standard and bespoke products from standalone units to a multi-linked complex. Newspace operates from a large multi-acre site in Lydney, Gloucestershire, with a workforce of approximately 140.
GCH Capital is a privately owned and personally financed group of companies. Since the group was founded in 2010, it has acquired nine industrial manufacturing and distribution businesses, supplying and servicing customers in the UK and Europe. The group has sales of around £120m turnover and employs around 730 people.
Hazlewoods are ranked 31st in the UK (2016 Accountancy Age) and have a specialist Corporate Finance team who in 2016 successfully completed 119 deals valued at £512 million. The Corporate Finance team provide a range of services, including Merger & Acquisitions, due diligence, business valuations and equity market admissions.
Hazlewoods was the sole corporate finance adviser on the sale, advising on all aspects of the transaction from preparation to negotiation and transaction execution. Gordon Thomas, former director and shareholder of Newspace said “Ian [fellow former director and shareholder] and I were more than happy with the involvement and dedication of you [Partner, Paul Fussell] and your team. You steered us through a traumatic process with the utmost professionalism, for which we thank you.”
Paul Fussell, Hazlewoods Corporate Finance Partner said “We have worked with Newspace for four years, providing a range of services from audit and compliance, the buy-out of a founding shareholder in 2013, to the sale in November 2016. GCH Capital are committed to investing in Newspace to see through management’s growth plans, which should see the company diversify into new areas, the benefits of which are expected to be realised in the next 12-24 months. Kealey Frazer-Holland, the Newspace Managing Director is remaining with the business. We wish her and the rest of the management team all the very best going forward.”
Legal services were provided by BPE. Tim Ward, BPE Corporate Partner, said “We were delighted to have the opportunity to work with Newspace and congratulate them on their successful exit”.
If you would like to discuss a potential transaction and how we can help you, please contact Paul Fussell at paul.fussell@hazlewoods.co.uk or on 01242 680000.