Investment AB Latour-owned Nord-Lock Group has acquired 75% of leading fasteners manufacturer Energy Bolting, based in Wolverhampton.
Energy Bolting is a manufacturer of critical fasteners for the global energy and defence industries.
The business has built a strong reputation worldwide since it was founded in 2018 and has grown to £7 million annual revenue.
That success led to a deal that sees Nord-Lock Group, which is owned by listed Swedish business Investment AB Latour, acquire 75% of the Wolverhampton-based business.
Energy Bolting's owners Robin Hart-Archer and Dan Pearce were advised on the deal by a comprehensive team of advisers at Knights.
Robin Hart-Archer said:
"The sale of Energy Bolting to Nord-Lock Group represents a fantastic result for the shareholders and a transformational opportunity for the business. With the strength of a global group behind us, we’re excited for what comes next.
"The team at Knights played a massive role working seamlessly with Convex and Sempar in making this happen, giving us a range of advice on all areas of our business and helping us navigate and negotiate the sale agreements and agree the ongoing equity arrangements with Nord-Lock."
Knights' team was led Corporate Partners Paul Batchelor and James Sparks, supported by Ellie Bryan, Dan Bolderston (both corporate), Julian Moran (tax), Jenny Colver and Katie Sharman (employment), Bhavika Patel (real estate), Neil Warwick and Ellen Huison (NSIA).
Paul Batchelor, Corporate Partner at Knights, said:
“I am proud to have played a part along with our amazing cross disciplinary team at Knights to deliver this transaction for Dan and Robin. This deal further demonstrates that Midlands-based industrial manufacturers are amongst the best in the world and as a result attracts significant inbound investment into the UK. Nord-Lock and their advisers have been a pleasure to deal with, and we wish them all the best in the future working alongside the excellent Energy Bolting Team.”