HPC Laser Ltd, based in Elland, Halifax, recently employed the services of the Pierce Corporate Finance Team in the acquisition of minority shareholding.
Established in 2006, and with over 15 years of experience, the company supplies engraver and cutting machinery throughout the UK and overseas. These machines have always and continue to be the specialty and focus of the firm in order to guarantee customers a positive and knowledgeable experience including the provision of aftersales service and support.
Corporate Finance Director Kevin Steven, supported by Manager Jimmy Moore, provided initial forecasts and with support from Ben Drummond at Thincats a focused due diligence procedure in order to access funds.
With the process being time-sensitive, a clear strategy and creative approach were key to ensuring a smooth transition of the shares.
Corporate Finance Manager Jimmy Moore said: "We are thrilled to have supported Neil and Steve of HPC Laser by providing due diligence and Corporate Finance services resulting in the success of this transaction. I hope the business continues to thrive for many years to come."
The completion of the project means for HPC Laser, the acquisition of the minority shareholding brings the economic holding into the existing and remaining management.
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