Management buyout of DW Plastics
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KBS Corporate has advised on the management buyout of DW Plastics Limited, a leading manufacturer of high quality bespoke custom and standard plastic extrusions.
Initially formed in 1980, DW Plastics specialises in the manufacture of innovative and complex designs. The company has grown exponentially since its formation, and has earned an outstanding reputation for its unique service offering.
KBS Corporate identified DW Plastics’ strong client base, exceptional management team and huge potential for year-on-year growth as key value drivers that would help maximise the company’s sale value.
A comprehensive research strategy was conducted in which the opportunity was presented to over 100 parties, consisting mainly of UK trade buyers and private equity investors looking to invest in the plastics sector.
The opportunity to acquire DW Plastics attracted significant interest, with both an international trade buyer and one of DW Plastics’ competitors placing an offer. The eventual management buyout was backed by Panoramic Growth Equity.
Panoramic Growth Equity is a leading equity investor in fast growing, entrepreneurial companies. It invests between £1m and £5m in privately owned companies with high-growth potential across a broad range of sectors. Collectively, the firm has experienced over thirty years of investing in small and medium sized businesses and have backed 40 companies since 2001.
Guy Haynes, Corporate Director at KBS Corporate, managed the deal through to completion and commented, “Despite strong interest from trade, it was clear that the management team were the ideal buyers for the business and I am delighted that Panoramic were willing to fund the transaction.”