Azets assists in Global Office Supplies acquisition

Azets has advised Dartford-headquartered Global Office Supplies in its acquisition of London-based DC Direct for an undisclosed amount.  

Azets’ corporate finance director, David Ellis, advised on all aspects of the deal for the group, including valuation, structure, heads of terms and due diligence. He also liaised with Matthew Simmonds of Brachers LLP, who provided legal advice to the acquiring group. 

Global Office Supplies has seven depots nationwide, offers 24,000 products and is a sustainable workplace supplier. 

Michael Girton, MD of Global Office Supplies, said: “I am indebted to David and the Azets team for getting this deal over the line and being there to advise on all aspects of the negotiations.

“Global Office Supplies has grown from a small, family-run business to the major player you see today, but our ethos remains exactly the same – to help offices become more eco-friendly working environments.”

He added: “This was Global group’s second acquisition and we really wanted to join forces to give clients an even better offering of services and expertise. ”

Ellis said: “It is good to see go-ahead businesses such as Global Office Supplies expanding and Azets being able to play a role in supporting this growth. It is very much part of our make-up that we like to drill down and get under the skin of clients so we can offer the best possible service and work in a long-term relationship.

“I have been involved in a large number of transactions, typically involving owner managed businesses, private equity institutions and large banking institutions, and have never been busier, with our pipeline work stretching well into 2023.”