BDO’s Building Products & Services M&A team has advised Primary on the MBO of VJ Technology ("VJT") from SIG plc and arranged the debt finance through PNC Business Credit.
VJT is a market-leading distributor of specialist fixings, fasteners, consumables and related tools to the UK construction industry.
The investment by Primary will enable management to deliver continued growth and improvements. The Building Products M&A market in the UK continues to be very active, with prized assets like VJT attracting strong interest from potential acquirers.
BDO did an outstanding job supporting Primary in completing the MBO of VJT. BDO’s work ethic, sector expertise and commercial pragmatism were first class and essential in enabling us to complete a complex divisional carve-out in a very tight timeframe. This was a full scope buy-side support role, including debt advisory, and everyone on BDO’s team contributed enormously to a successful outcome. We have used the BDO Building Products team for buy-side support on a number of previous transactions and would have no hesitation in doing so again.”
Alistair Armstrong, Partner, Primary Capital Partners LLP