Walker Morris advises Pelsis on Management BuyoutPrint news article
Specialist lawyers at Walker Morris have advised the management team of Pelsis Holding (UK) Limited, the leading European manufacturer of branded pest control products, on the multimillion-pound management buyout (MBO) backed by private equity firm LDC.
Pelsis manufactures, supplies and distributes pest control products to both the professional and domestic markets. The company delivers innovative brands to its global customer based including independent pest controllers, retailers and facilities management providers.
Headquartered in Knaresborough, the business was founded in 1984 and has grown internationally operating in 11 locations across Europe, Asia and North America, supplying customers in more than 80 countries and employing more than 270 people worldwide.
Led by CEO, Peter Mangion, Pelsis’ sales have grown from £8.7m to £82.7m over the past ten years. The MBO has provided an exit for former private equity backer, US firm Wind Point Partners.
Leading the Walker Morris team was Corporate Partner, Debbie Jackson with support from an expert team, including Oliver Duke in Corporate, Nicola Parkinson in Tax, Andrew Rayment in Employment and Peter Considine in Finance.
Peter Mangion, commented:
“We have achieved significant growth over the past few years and have firmly established ourselves as a market leader in Europe.
“A focus on innovation and quality customer service are the hallmarks of our success and we’re committed to building on this.
“With LDC on board we have a new growth partner that not only provides us with the financial firepower to continue our expansion, but the strategic support and guidance that will enable us to capitalise on further opportunities in our core markets.
“I’m confident that we can continue to develop our offering and bring our market leading pest control solutions to a broader customer base worldwide.”
Debbie Jackson added:
“Pelsis has established a reputation for being a prominent force in pest control across Europe. We are delighted to have been able to support Pelsis on this latest transaction which aims to provide a solid platform for achieving its future growth strategies.”