Bishopsgate advises Eurocell PLC on its acquisition of Alunet
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Bishopsgate Corporate Finance is pleased to announce its role as corporate finance advisor to Eurocell PLC on its successful acquisition of Alunet for £29 million, with potential performance-related payments bringing the total value of the deal to up to £35 million.
Eurocell, headquartered in Alfreton, East Midlands is a leading UK manufacturer and distributor in the home improvement sector. Through this strategic acquisition, Eurocell has strengthened its position in residential aluminium systems and composite doors and added garage doors to its product portfolio.
As part of the transaction, Bishopsgate advised Eurocell on acquiring four companies:
· Alunet Systems: A provider of residential aluminium systems, offering a comprehensive range of window and door solutions, including bi-fold and sliding patio doors under the Aluna brand
· Comp Door: A manufacturer of premium solid core timber composite doors
· JDUK: A supplier of sectional aluminium garage doors and components
· UK Doors (Midlands): A producer of aluminium roller shutter garage doors
Alunet’s impressive growth and strong presence in these key product segments supports Eurocell’s broader strategy to build a £500 million revenue business, generating a 10% operating margin over a five-year period.
Bishopsgate Advisors
Morgan Atherton
Mohamed Karim
Sam Armstrong
Darren Waters – CEO, Eurocell PLC
We are grateful to Bishopsgate for their consistent support and valuable expertise throughout the transaction. Their understanding of the process, the priorities of stakeholders, and their extensive experience and deal-craft was instrumental in achieving a successful outcome. The Bishopsgate team provided professional, commercial advice at every stage, and their guidance was key to navigating the complexities of the transaction with confidence.
Morgan Atherton – Managing Partner, Bishopsgate Corporate Finance
We are delighted to have assisted and advised Eurocell on this significant and complex transaction. The businesses are a superb fit, product and culture wise, and I’m confident the acquisition will be a resounding success. This was a great deal to be intricately involved in, being in a sector we know well and with a such a large and prestigious local client, who were a pleasure to work with. As they all do, this transaction had its twists and turns along the way, but these were consistently and successfully navigated via sound professional advice and pragmatic commercial decision making from all parties throughout. Huge congratulations to the teams at both Eurocell and Alunet on what will surely be an exciting and successful combination.
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