Quercus Corporate Finance is delighted to announce the sale of Variohm Holdings Limited to London Stock Exchange listed Acal plc.
The Quercus team, led by Amanda Hall and Andrew Clegg, advised the shareholders of Variohm Holding Limited (“Variohm”) on the sale of the group to Acal plc, for £12m.
Variohm is an independent market leader in the design, manufacture and supply of motion, sensor and measurement solutions for businesses across Europe and the USA. Founded by Roy and Joan Moffat in 1974, the business offers a wide range of component parts and sub-assemblies to customers requiring control and sensing products supported by engineering expertise and manufacturing capabilities.
Headquartered in the UK and employing some 150 highly skilled staff, Variohm comprises four complementary divisions operating across three UK sites and one in Germany.
Amanda Hall, Founding Partner of Quercus said:
“From our very first meeting with Roy it was clear how important it was to him and Joan that we found the right home for the business they had nurtured and grown over some 42 years. In Acal I believe we have found that buyer. Andrew and I are delighted to have led the team advising the shareholders in realizing the considerable commitment and investment they have made in Variohm over the years.”
Roy Moffatt added:
"I believe this is an excellent deal for both the shareholders of Variohm and Acal and I look forward to watching the Group flourish under its new ownership. The advice provided by Amanda and Andrew was outstanding; their total commitment to achieving an excellent result for us together with their straightforward, objective advice and years of tradecraft was greatly appreciated."