Top 150 law firm Roythornes Solicitors has advised the management team of specialist manufacturer and installer of glazing products, SafeGuard Glazing Supplies, on the £4.5m investment in the company by leading private equity and infrastructure investment manager Foresight Group.
The investment by Foresight facilitated the buyout of the company by its existing management team from BCF Equity Partners and will support the company in its plans for expansion.
Mike Matthews, Partner at Roythornes, led the team working on the SafeGuard acquisition. He said: “This was a significant deal, both for those involved, SafeGuard and Foresight, and for the business landscape of Peterborough. The investment received by our client forms part of the £100m Foresight East of England Fund. As a firm we’re very proud of our Peterborough roots and were delighted to complete a deal that sees further investment in the region.
“We were responsible for advising the three members of Safeguard’s management team on the investment and the buyout and worked closely with them to ensure that the transaction went smoothly, with an ideal outcome for all parties. We’re delighted to have facilitated the next stage of growth for SafeGuard, a company with an excellent local reputation.”
SafeGuard was founded in 1995 and offers high-quality glass and glazing solutions. With a workforce of close to 100 and a 28,000 sq ft facility, the company has gone from strength to strength in its 25 years of trading. The investment will allow increased capacity and support long term growth for the company.
Nick Welsh, Managing Director at SafeGuard, said: “The Foresight investment heralds the start of a tremendously exciting phase of growth for Safeguard. The advice and guidance received from Mike Matthews and Jo Sinclair at Roythornes during every stage of the transaction was first class. Commercially astute, detailed and delivered in a highly professional and clear manner.
Roythornes’ corporate and commercial team is renowned for its expertise, handling everything from complex multi-million-pound deals to the needs of a sole trader in a wide range of commercial sectors.