PPCF advised the management team of Pelsis on their 2017 MBO and the subsequent acquisition of Georgia-based Curtis Gilmour in 2018. The MBO was supported by LDC and BlueBay Asset Management whilst investors in Curtis Gilmour, Harwood Capital, also invested in the enlarged group.
Pelsis is the leading European manufacturer of branded pest control products. Its customers span the domestic and professional markets and include independent pest controllers, retailers and facilities management companies. Whilst the business is based in Knaresborough it has sites across Europe following a period of acquisitive growth. Following the merger with Curtis Gilmour, the €125m revenue business operates across 15 locations in Europe, Asia and North America and has further strengthened its customer proposition by significantly expanding its product portfolio.
Peter Mangion, CEO of Pelsis said “Operating within the confines of the sale process, PPCF played a crucial role in representing the management team in the MBO by ensuring our interests were properly understood and incorporated by the principals on both sides of the transaction. Both on the MBO and subsequent acquisition it was a great comfort to have them alongside us during some challenging negotiations and the team are delighted with the outcome.”
Find out more at: http://www.pelsis.com/about-us.aspx