Fine Group Ltd
KBS Corporate has advised on the sale of Fine Group Limited, targeting the national textile industry before recognising Redmond Investments Limited as a suitable acquirer.
Fine Group, based in London, design and manufacture materials for the armed forces and services, as well as the healthcare and industrial sectors, including PPE. More recently, they have also branched out into making rugs for racehorses.
George Barnes, Associate Corporate Director for KBS, oversaw the transaction, representing the family-owned Fine Group’s interests in all negotiations.
“We were looking for a deal that offered the shareholders a clean exit while securing the Managing Director’s role post-sale,” said George.
“Ongoing discussions identified Redmond as a suitable buyer looking to acquire a business with a strong trading history and scope to grow.”
Throughout the process, George was dedicated to finalising terms which satisfied our clients and fulfilled the buyer’s growth strategy.
“Although there was a strong argument to re-evaluate our objectives, we negotiated a deal that maintained the original enterprise value and ensured no future payments would be linked to post-completion performance,” he added.
Fine Group will now be an investment priority for Redmond as it looks to expand its existing customer base in key international markets.