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FRP has advised Camloc Motion Control Limited on its sale to private capital specialist Macaulay Capital.
FRP’s team was led by partner Dan Bowtell, along with directors Pat Walters, Matt Field, and executives Cameron Robertson and Ben Anstee.
The team acted as lead advisors on the transaction and provided tax advice to Camloc’s directors and shareholders.
Leicester-based Camloc is a designer and manufacturer of motion control solutions.
The business offers several bespoke solutions – ranging from lift assistance to lowering and counterbalancing of weights, to help ensure the safe manoeuvrability of equipment.
Camloc also has a global network of partners and distributors across the UK, Europe, North America, Scandinavia, the Middle East and Asia-Pacific, and its gas struts and dampers are used in aerospace, military vehicle, and signage to medical, speciality vehicle and rail projects.
Established in 1989, Camloc has been backed by The Foresight Nottingham Fund, managed by Foresight Group, an infrastructure and private equity investment manager, since 2016.
FRP said that the transaction with Macaulay Capital aims to support the next phase of Camloc’s future growth, whilst also providing a “successful” exit for The Foresight Nottingham Fund.
The existing management team will remain with the business, as part of the next stage in Camloc’s long-term succession planning.
Commenting on the transaction, Bowtell, partner at FRP Corporate Finance, said: “Camloc is a well-respected and ambitious British manufacturer, with strong growth prospects. This sale to Macaulay Capital not only allows the business to fulfil its succession plan, but it also demonstrates the strong appetite from private capital specialists to explore opportunities with manufacturing SMEs that are renowned for high quality products and service.”
Julie Barker, joint managing director at Camloc, added: “This deal structure enables both ownership succession and future growth, and Dan, Pat and the team at FRP Corporate Finance were impressive throughout the sale process. Their ‘hands on’ approach meant they worked closely with us to select Macaulay Capital as the right funding provider to support our growth ambitions, and we’re excited to see what the future holds.”
