The institutional purchase of S&P Coil Products for £2.9 million
HMT advised NVM and Newco on the institutional purchase of S&P Coil Products for £2.9 million.
S&P Coil Products was established in 1979 and since then has become the market leader in the design, manufacture and sale of heating and ventilation products in the UK.
Northern Venture Managers invested £2 million with HSBC providing debt and working capital facilities of £1.7 million.
The deal was originated by HMT, who were able to complete the transaction within four weeks of first meeting the vendors.