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Taylors Advises on Management Buy in at KG Coating Limited

Posted on: 17 May 2013

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The Corporate team at Taylors Solicitors has advised on a management buy-in at Wrexham-based company, KG Coating Limited.

The company, purchased by Taylors' client, Gavin Williams, provides a range of specialist industrial coatings which help protect a diverse range of materials from corrosion in mission-critical environments. It is a trusted sub-contractor to blue-chip clients in the aerospace, defence, electronics and engineering sectors, including Airbus, Boeing, Bombardier and Embraer, and is one of a small number of UK suppliers certified by Nadcap, the international aerospace and defence industry body.

The transaction was funded from a combination of the purchaser's own capital and a 600,000 loan which was provided by Finance Wales in a package structured to allow Gavin to implement his growth strategy. Corporate finance advice was provided to Gavin Williams by David Plant of Manchester-based, Proventure Consulting.

Gavin Williams commented, "KG Coating is a profitable global business with many longstanding clients and a reputation that is second to none. The company has grown significantly since it was established almost 20 years ago and has potential for further growth both in the sectors it currently operates in and also in some new sectors such as oil and gas. I'm now looking forward to driving the company forward".

Stephen Jarman, Corporate Partner at Taylors who advised Gavin on the deal, said, "Whilst funds may not be flowing freely from the high street banks, it's a good thing to see regional bodies and asset-based lenders having an appetite for deals. I'm sure that Gavin will build on the success of the previous owners and take the business to higher levels".

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