PDT Solicitors advises Etal (UK) Limited on its acquisition of Avon Magnetics
Published: 01 March 2023
We are delighted to have advised Etal (UK) Limited (a member of the KAMIC Group) on its acquisition of Avon Magnetics, a leading British manufacturer of wound magnetic components to industries such as aerospace, defence and medical technology. The company has a purpose built facility located in Christchurch, Dorset.
"It has been great to work with PDT on another one of our acquisitions. PDT are familiar with how we work having worked with them on a number of acquisitions. As always, we could rely on the PDT team to guide us through the process and provide pragmatic advice. We look forward to working with PDT on our next acquisition."
Dan Phelan, Head of Business Area Magnetics, Kamic Group
Avon’s history dates back to the 1960’s and the company today employees around 50 employees with annual sales of circa £2.5m. KAMIC Group is a privately owned Swedish corporate group that acquires, owns and develops technology-based businesses in selected niches. The Group currently comprises some 40 companies active in both trade and manufacturing. Together the companies have some 1,600 employees in 14 countries in Europe, Asia and North America.
The PDT team was led by Noel Ruddy assisted by Sian Webber (Corporate), Victoria Jackson (Corporate), Laura McMaster (Employment) and Chehraz Fox (Real Estate). Noel commented: “We really enjoyed working with the KAMIC team on another of its acquisitions. Avon is great fit for KAMIC and we look forward to seeing the business go from strength to strength. We wish them every success.”
We are a dedicated corporate law firm with a strong presence in the South East whilst also being recognised nationally for our expertise in the ABL sector. Our corporate transactional team is comprised of experts from our corporate, commercial, real estate and employment teams. We regularly advise on M&A, private equity and other corporate finance related transactions. In the past twelve months the team worked on over 30 exciting transactions with an enterprise value in excess of £250m and with an average deal enterprise value in excess of £10m.
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