April 16, 2021
Translink Corporate Finance is delighted to announce the successful completion of its latest transaction, having advised on the sale of Spinaclean Limited to Sweden headquartered, Lifco AB.
Spinaclean, which is headquartered in Northampton, is a well-established UK-based market leader in the design, sourcing, assembly, distribution, and sale of specialist high-quality proprietary and own-branded cleaning equipment primarily focused on niche end-user markets. The Company is experiencing strong growth in the UK and in overseas markets, with products distributed in over 26 countries.
Lifco AB is a business group with a total turnover of SEK 13.8 billion, employing c5,400 people worldwide. Lifco’s strategy is to acquire market-leading businesses in niche sub-sectors across three core business areas: Dental, Demolition & Tools and Systems Solutions.
Mark Nice, Operations Director at Spinaclean, said: “I have been thoroughly impressed with Translink UK throughout the whole transaction. The team has been right by our sides from start to finish, their advice and communication has been clear, prompt, and professional, making the journey that much smoother”.
Andy Whiting, Managing Director at Spinaclean, said: “For most people the sale of a business is the biggest, once in a lifetime transaction undertaken in business, appointing Translink to advise was a shrewd and very satisfying investment. The whole team took dedication and professionalism to a new level – Brilliant job!”
Alex Thompson, Translink UK, commented: “We are delighted to have advised the shareholders on the successful sale of the company. Andy and Mark have built a fantastic market-leading business at the forefront of a niche market. Lifco AB represents an excellent strategic fit for Spinaclean, and I am certain will provide a great home for the business to continue to thrive. It was a pleasure working with the team at Spinaclean and we wish them every success in their continued development”.
Andy Shepherd, Translink UK, commented: “Mark and Andy have created a really strong business from relatively humble beginnings and we’re so pleased to have had the opportunity to advise on the successful sale. Lifco AB represents the ideal opportunity for Spinaclean to continue to grow the brand across the globe, it’s an excellent home for such a promising company. It’s been a great journey to have shared with the team at Spinaclean and we wish them all the very best with their future growth plans”.
Contact our Team Members advising in this transaction:
Anecta Translink, our partner in Sweden, is a M&A-advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.
Translink UK is an active and very experienced M&A advisor comprising over 20 individuals across four locations. They work extensively on cross border transactions across a number of sectors. A breadth and depth of experience including industrial positions and within private equity underpins a real focus on client outcomes and drives the effective and practical delivery of corporate transactions.