Sourcecircle Holdings Limited
“We were looking to diversify some of the Groups activity from glass processing and mirror manufacturing into new vertical markets. We had a connected interest in a small stone and marble processing business focusing on the kitchen top market and we were aware of Taylor Made, a larger business with a similar kitchen top capability but also strong presence the in the fireplace market.
We had worked successfully with John on a number of projects and saw him as the perfect fit, not only to give an independent appraisal of what we looking to achieve but to make the approach to Taylor Made and take the deal forward.
As expected, John gave us honest and constructive feedback on our plans and, most importantly, built a good working relationship with the owners of Taylor Made which allowed the deal to progress even when there were some tricky and sensitive issues along the way. I would go so far as to say that without John’s input the deal simply would not have happened”
David King – Chairman Sourcecircle Holdings Limited
Taylor Made Fireplaces Limited (“Taylor Made”) was acquired by Sourcecircle Holdings Limited (Sourcecircle) for an undisclosed sum in a transaction advised by Skye Corporate Finance.
Skye Corporate Finance was appointed by Sourcecircle to appraise the acquisition strategy, approach the shareholders of Taylor Made and then negotiate and structure the transaction. Skye also project managed the deal to completion working closely with legal and tax advisers.