Business advisory firm Quantuma is delighted to have provided lead financial advice to the management team and shareholders of VNA on securing growth capital from Arbuthnot Bank. The investment has also enabled the existing shareholders sell a majority stake and retire from the business.
The management transition sees the acquisition of the controlling shareholding by the current management team and facilitates the retirement of the two founder shareholders. John Maguire, previously the Commercial Director, steps up to the Managing Director role to lead the transaction and Donald Houston, will join the team as Group Finance Director.
Headquartered in Tipton, West Midlands and OEM Manufacturing in Taiwan, V.N.A. Trucks is a leading specialist forklift truck manufacturer, with products suited to confined and very narrow warehouse operations. The business comprises two separate operating companies, Narrow Aisle Limited (NAL), which sells trucks, spares and maintenance services and Flexi Forklift Rental Limited (FFRL), which provides short and long-term rental of Flexi trucks and masts.
A Quantuma team, led by partner Mark Lucas and director Fardeen Nariman, advised on the deal.
Mark Lucas, Partner at Quantuma, said: “We are delighted to have been able to assist the shareholders and management team in securing growth capital which will help the company to further expand on its international profile. The business benefits from a strong management team, who will continue to execute on their growth strategy.”
John Maguire, Managing Director of V.N.A. Trucks Limited, commented: “Mark and Fardeen have delivered a great result for the management team and the business. They ran a smooth process with no surprises. The momentum in our sector is very positive as countries develop intralogistics structures around the world and this deal is an important step in allowing us to maximise our potential in delivering our business plans.”
Quantuma has advised on a series of high-profile deals over the past year, including the MBO of TRS backed by Rutland Partners, the sale of ILG to Yusen Logistics and two acquisitions by Whistl in the delivery and e-fulfilment sectors.
Notes to Editors
Quantuma is a leading business advisory firm which works with businesses at the key milestones, delivering partner led solutions to help clients take advantage of opportunities and overcome a range of operational and financial challenges, enabling them to achieve their business objectives and ambitions. Offices in London, Southampton, Marlow, Watford, Brighton, Birmingham, Bristol, Manchester, Ringwood and Weymouth. In July 2018, the firm opened two international offices in Cyprus (Nicosia and Paphos).