Addleshaw Goddard's Private Equity team has advised Canadian Ardenton Capital on its first UK acquisition of Corbetts the Galvanizers.
Corbetts, which is the UK's largest independent hot dip galvanizer, will use Ardenton's investment to continue to deliver high quality products whilst exploring opportunities to create more capacity within its Midlands operation. Corbetts will continue to be led by managing director, Tim Ward, and financial director, Sophie Boothroyd.
The Addleshaw Goddard team was led by corporate partner, Paul Medlicott, alongside Katie Simpson, Becky Dove and Lucy Williams (corporate), Richard Oman and Jess Burgess (banking) and Catherine Concannon (tax). Other advice was seen from the firm's employment, compliance, environment, property, pensions, and asset finance and data protection teams.
Paul Medlicott, Partner at Addleshaw Goddard stated: "We are delighted to have supported Ardenton in relation to their first investment in the U.K. Given their differentiated offering in the market, we are sure it will be the first of many and wish them the best of luck."
Ardenton’ Capital opened in Manchester in late 2016 and is spearheaded by directors Michael Bradbury and Iain Marlow.
Commenting on the deal, director Michael Bradbury said: "Corbetts is a great business with an impressive management team. We set out with a sector-neutral approach and a focus on robust and growing businesses supplying products or services that will be as relevant in 20 years’ time as they are today. Corbetts ticked every box for us."