Orbis press ahead after sale of fasteners company
BakFin Limited is the parent company of Baker & Finnemore Limited, a specialist manufacturer of “Starlock” push‐on fasteners.
The company is located in Birmingham and has been established for over one hundred years. The Starlock range is used in a wide range of applications across all manufacturing and assembly sectors.
Having acquired the company in 2006 through a management buy‐out, the shareholders were looking to retire from the business.
The advice given by Orbis, along with their approach to some of the complex issues of the transaction, certainly added significant value to the process and delivered an excellent result for the shareholders.
Derek Sharp, Managing Director
Orbis was appointed to advise the shareholders on the disposal, having worked with them on the original MBO. A full list of international potential buyers was compiled with the assistance of the Clairfield partnership, with approaches made to a number of parties.