Springboard advise founding shareholders on Sertec refinancing and acquisition.
Springboard Corporate Finance has announced that it has advised the Mosedale Family (the founding shareholders of Sertec Group) on the company’s recent refinancing and acquisition. Sertec Group, who are based in Coleshill and are a key supplier to Jaguar Land Rover, completed the takeover of WILD Automotive creating a £250 million group with ten manufacturing plants across the UK, Germany and Hungary.
Founded by the Mosedale family 54 years ago, Sertec was successfully sold to the management team in February 2016 in a management buy-out funded by Lloyds Bank and the Business Growth Fund.
David Neate, Partner at Springboard Corporate Finance advised the Mosedale family on their rollover investment. “We were pleased to be involved in this local successful story. Sertec has a long and proud history and this acquisition will undoubtedly enable the company to continue its impressive growth trajectory.”