Browne Jacobson’s Manchester based corporate dealmakers have advised door hardware supplier, UAP Limited on its acquisition of online specialist Maher London for an undisclosed amount.
The move, which is part of UAP’s ambitious growth strategy will help drive the group’s digital business, both in the UK and overseas.
UAP, which was established in 1996 and is headquartered in Manchester, is a leading door hardware supplier to customers dotted throughout the UK and Ireland. It boasts over 3,000 product lines and exports to over 25 different countries around the globe. It’s brand portfolio includes Security Hardware, Intelligent Hardware, Fullex, Locking Systems, Firemongery and TradeLocks.
Maher London operates exclusively online and offers door hardware, fixings and decorative products across its brand portfolio, which comprises XFORT, Sequal and Renov8.
The Browne Jacobson deal team was led by partner Ryan Brown who was assisted by associate Bethany Grummit, and trainee solicitor Olivia Barrow. Associate Owen Jenkins supported on the employment side of the transaction.
Ryan Brown added: “This was a great North-West deal to advise on. UAP and Maher go back a long way through their historical product supply arrangement. The strong and trusted relationship between the parties made the compressed transaction timetable much more deliverable. Both companies have an excellent brand portfolio and pride themselves on offering excellent quality products and services, so it will be great to see what both businesses can achieve together domestically and internationally.
Bonnie Hodson CFO of UAP said: “We have been supplying Maher London for a few years and we have been impressed by their growth and their specialist knowledge of online sales. Coming out of COVID it is evident that there has been a shift in not only consumer buying trends but also some trade buying to online platforms. Acquiring what UAP consider to be the best online specialist in the market is a fantastic strategic move by UAP.”
“We would like to thank the Browne Jacobson team for their quality work on this important investment into Maher London. We really valued the hands-on, collaborative and pragmatic approach they offered throughout the transaction.”
Browne Jacobson’s national corporate finance practice is ranked by Experian as one of the country’s leading corporate finance teams. It operates from our offices in Birmingham, London, Manchester, and Nottingham and is made up of over 50 expert corporate, private equity, venture capital (VC) and banking & finance lawyers delivering multi-layered transactions across a diverse range of sectors.
The team works collaboratively with a rich, diverse, and longstanding portfolio of domestic and international clients including, fast growing start-ups, FTSE 100 companies, private equity investors and the UKs leading banking institutions.