Eurofiltec

Sale of Eurofiltec to Ama Filter

Acquirer / Funder

Amafilter

Value

<£5m

Deal Type

Sale

Sector

Manufacturing

Location

UK / France

Overview

Background

Bill was the founding chairman of Eurovein Ltd. Formed to buy back Sheffield wear components businesses from buyout with support from 3i and Hambros.

  • The overleveraged Charterhouse LBO subsequently failed, Eurovein buying back the surface treatment and filtration businesses
  • Floated on the London Stock Exchange for £22.5m.
  • Surface treatment division divested for £15m.
  • A new investor bought 23% stake with a strategy to develop an electronic drives business, Bill left, the group then being renamed Focus Dynamics.
  • Bill led a hostile public take over of the remains of the Group, Bill & Kevin retaining Eurofiltec SA – design, manufacture and supply of liquid filtration consumables and equipment to the nuclear and pharmaceuticals industries.

  • Eurofiltec subsequently acquired Vanpipe Ltd a pressure vessel manufacturer in Stoke-on Trent, the group being sold to Amafilter BV.

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