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Shaw Gibbs delivers the whole package

23 Jul 2015

1 minute read

Oxford accountant helps packaging entrepreneur find and fund the right acquisition.

When David Peters was in the market to purchase a packaging business he asked Oxford accountant Shaw Gibbs for help. David, who has worked in the packaging business his whole career, had made little progress with brokers in finding suitable acquisition targets.

Shaw Gibbs took on the challenge. Led by Corporate Finance Manager Paul Wilson, they approached a number of businesses on David’s behalf. Stoke-on-Trent firm TPI for Packaging Limited met the criteria and was willing to consider an approach. Shaw Gibbs prepared an offer which, after a period of negotiation, was accepted and a purchase agreement drawn up.

David Peters is sure he would still be looking for a suitable business if it wasn’t for Shaw Gibbs: “My thanks for your help and guidance throughout the process. I could not have concluded this purchase without the assistance of Paul and the Shaw Gibbs team.”

Paul Wilson adds: “Knowing what a challenge it had been for David to find a suitable business, we found it incredibly rewarding to eventually find the right match for him. I look forward to seeing him progress with the business and make it a great success.”

David Peters is so impressed with Shaw Gibbs he has commissioned the firm to perform completion accounts and ongoing compliance work for TPI.

Shaw Gibbs also constructed the funding framework, which included an invoice discounting facility for the business.

Shaw Gibbs worked with RBS Invoice Finance and Milton Keynes law firm Tollers LLP to successfully complete the deal on June 5 2015.

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