FRP has recently advised Brady Corporation on its acquisition of Magicard Limited in a deal valued at £42m, providing an exit for private equity firm LDC.
Headquartered in Weymouth, Magicard specialises in identification card printers, Brady is a leader in niche application industrial printers and materials.
FRP’s corporate finance team, led by partner Dave Howes was supported by Adam Croft, Alex Hunton and Matt Field who acted as the sole lead adviser to Brady on the deal.
This included leading negotiations in relation to valuation, deal structure and submission of offers as well as coordinating due diligence streams during a full UK lockdown and working to find a swift conclusion. In addition, the team coordinated with the investment bank acting on behalf of the Magicard’s management team and private equity investors.
Howes said: “It’s been a pleasure to support the Brady team on such a significant milestone in their growth journey.
“This is a further example of our credentials when it comes to advising international corporations on landmark transactions, and demonstrates our ability to negotiate complex terms and ensure a successful outcome for all parties, which includes private equity investors and investment banks.”
He added: “I’m looking forward to watching the Brady group continue to go from strength to strength, and working with management teams of other ambitious companies to deliver their growth strategies.”