Gerald Edelman advises Euston Ventures on Silex acquisition

Gerald Edelman has advised Euston Ventures on the acquisition of Silex Limited, a silicone products manufacturer, and its German subsidiary, MVQ Silicones GmbH.

Euston Ventures is an investment company established in 2014 which focuses on acquiring speciality manufacturing, engineering, and technical service businesses in the UK.

Founded in 1985, Silex is a manufacturer and distributor of silicone-based products, with operations in the UK and Germany.

Its product portfolio caters to a wide range of industries, including automotive, pharmaceutical, energy, food, aerospace, rail, mechanical engineering, and domestic appliances.

Silex has approximately 80 staff across three sites in the UK and one in Germany, and are well known in its industry as the “leading” stockist of silicone sheets and for the technical quality of its extruded product.

Gerald Edelman acted as a buy-side financial adviser, performing detailed financial and tax due diligence and providing general advice in relation to the transaction.

Will Abell, partner in Gerald Edelman’s Corporate Finance team, said: “It was a pleasure to work again with the Euston team.

“The cross-border elements of this particular transaction added additional complexity, but we were pleased to support Euston with the successful completion of this acquisition. We wish both Euston and Silex all the best during the next phase of the company’s development.”

Mark Dominik, partner at Euston Ventures, added: “Silex was an important investment for Euston, expanding our firm’s scope into continental Europe and bringing with it significant manufacturing capabilities. Gerald Edelman was practical and adaptable in supporting us during an in-depth financial due diligence process, ensuring that we were set up for success in the future.”