Orbis deal flow continues with sale of washroom company
BUSINESS OVERVIEW
DVS is a market leader in the manufacture of automatic washroom solutions in the commercial markets, such as healthcare, custodial, public sector and retail markets.
DVS’ products include taps and flushing mechanisms incorporating electronic no-touch technology. Recent landmark installations include Heathrow Terminal 5.
Orbis provided an exceptional service in all aspects of the transaction. Their ability to identify and negotiate commercial issues was key in successfully completing the transaction.
Peter Mangion, Managing Director
OUR ROLE
DVS’ parent P&L Systems is owned by Wind Point Partners, a Chicago-based private equity firm. P&L systems had evolved its group strategy making washroom products non-core.
Orbis worked closely with the shareholders to understand the key drivers of DVS and identify strategic buyers who would benefit from DVS’ market position. Franke, as an international specialist business operating in the commercial plumbing market, has the ability to take advantage of DVS’ growth potential.
Specifically, Orbis:
- Researched, identified and approached a number of UK and overseas buyers
- Prepared an in-depth working capital and net debt analysis to maximise net proceeds at completion
- Managed the preparation and flow of information throughout the due diligence process on behalf of the shareholders
- Negotiated on price and terms to ensure the best deal for our client
