Gardners is one of Europe’s largest large format print design and manufacturers of visual displays and outdoor media
The investor shareholders, Cable Capital, wanted to realise their investment. The remaining shareholder group wanted to focus on new business pipeline and achieving profitable growth, while prudently withdrawing from the low margin print management sector.
BDO was engaged by the Company and its Shareholders to carry out a sales process. There was a 20 month process to ensure the right outcome which met with the shareholder/Board’s expectations.
For an undisclosed sum turnaround specialists, Elaghmore Partners, acquired the shares of the Company, with the incumbent management team remaining who will continue to operate autonomously. Gardners will work closely with another Elaghmore business, Kesslers, which was acquired in September 2017 (from a separate BDO Special Situations M&A transaction) as part of the Hexite Group platform.