In February 2010, the Business was sold in a deal that valued the business at 10 x EBITDA
BTC is one of the UK’s leading supplier of work wear. Falk & Ross are a leading pan European distributor of promotional products with Revenue in excess of €100m, and are Headquartered in Germany.
Convex Capital led all negotiations to arrive at an acceptable deal for the shareholders including structure and timing of the consideration and project managed the transaction through financial and legal due diligence to successful completion within a 7 week timescale.
The Convex difference: using our negotiation tactics the consideration was increased by 50% over and above the initial offer received
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