16th October 2018
A multi-disciplinary team of lawyers at Walker Morris has advised independent cutting tools specialist, Helix Tool Company Limited, on its investment from MRO+ Solutions and Cairngorm Capital Partners.
The Leeds-headquartered company, founded by Charles and Louise Robinson in 1994, is a cutting tools specialist, offering both consultancy and supply to clients across the aerospace, automotive, medical, oil and gas and power generation sectors.
The investment from MRO+ Solutions and Cairngorm Capital Partners will enable Helix to increase its market share, diversify the industries that it serves, and grow and extend its relationships with suppliers, allowing it to scale its business and broaden customers’ experience.
The Walker Morris Team was led by corporate partner John Hamer, assisted by Frances Scarisbrick (corporate) and Clare Wood (real estate).
Charles Robinson, Helix’s Managing Director, said:
“We are proud of all that we have achieved to date, in particular having developed our supply and technical support service into a collaborative methodology that delivers increased productivity and reduced costs for all our customers – it has made us the first choice technology supply partner. Nevertheless, we knew that with the right partner there was much more that we could offer.
“We are excited by the prospect of being able to pursue further innovation and improvements, which ultimately will benefit our customers, suppliers and employees.”
John Hamer added:
“It has been a pleasure to work with Charles and Louise on the sale of Helix Tool Company, a business they founded over 20 years ago. The success, experience and industry knowledge that Helix Tool Company will bring to MRO+ and Cairngorm Capital will help to reinforce its specialist expertise and strategic direction. The acquisition represents a great fit for the companies and we wish them every success for the future.”