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Cooper Parry

Cooper Parry advise on a secondary management buy-out of Dynamic Materials Group Ltd

Cooper Parry Corporate Finance and law firm Browne Jacobson have advised the management team of Dynamic-Materials Group Limited on a multi-million pound secondary management buyout from Barclays Ventures, with funding provided locally by Lloyds TSB Corporate Markets.



Dynamic-Materials Group, whose head office is based in Pinxton, Nottinghamshire, and which has long established manufacturing facilities in the UK and USA, is a market leader in the world of advanced materials.



The Group, which is a truly global operation (c55% of their products being exported worldwide) manufactures niche technical-ceramic, metallic and composite products across a broad spectrum of industries such as oil & gas, energy, steel & aluminium production, automotive and aerospace. Its bespoke products are manufactured using innovative materials where the challenges of weight, strength, toughness and durability push the boundaries of technology.



The transaction was led by the CEO Brian Irvine who has been one of the main driving forces in the business. He joined as CFO in 1997 and was appointed CEO in 2002.



Brian Irvine said ‘It was somewhat of a miracle over Christmas, that the transaction was completed in 10 days from receiving a firm offer of funding to completion. In my mind this was testimony to a lot of hard work by all of the professionals involved in the transaction and their pragmatic approach to the deal. This now sets the Group up for the next phase of its development and we hope to build upon the success we have achieved to date.’



John Bryant and Rob Burden from Cooper Parry Corporate Finance advised the shareholders on the transaction. John Bryant said ‘We were delighted to be involved in what is an important deal for both Dynamic-Materials Group and Lloyds TSB Corporate Markets. The transaction undoubtedly opens up significant opportunities for the future growth of the business which clearly has tremendous potential.’



Liz Fuge from Lloyds TSB Corporate Markets, who provided the multi-million pound acquisition finance facility to enable the transaction to complete, said: ‘Lloyds TSB Corporate Markets was delighted to have supported this transaction which has been a milestone for the continued growth and development of the Dynamic-Materials Group.’



Law firm Browne Jacobson advised the management team, led by Peter Hands and Oliver Pritchard, with Shaun McCabe advising on the banking arrangements. Peter commented: ‘Having acted for this company for the last 30 years I am very pleased to see the management team take 100% ownership of this exciting and innovative business.’



Lloyds TSB Corporate Markets was advised by John Heaphy from Freeth Cartwright LLP.


Posted Date: 
06/09/2010

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