TLT advises industrial component supplier on management buyout

National law firm TLT has advised Carla Giles and the management team of Assembly Techniques Limited on the successful management buyout of the business, paving the way for the company's next phase of growth and development.

Founded in 1987 and headquartered in Greater Manchester, Assembly Techniques is a specialist provider of components, kitting and assembly solutions to all industries. The business supplies a broad range of industrial and precision components to customers across multiple sectors.  

The transaction will enable the existing leadership team to assume ownership of the business and continue delivering on its long-term strategic vision. To support the management buyout, Carla partnered with KeySME Business Finance, which arranged a tailored multi-asset funding facility with HSBC to underpin the transaction and provide a platform for the business's continued growth.

TLT advised the buyer on the acquisition drawing on expertise from its Corporate, Banking and Real Estate teams.

The TLT team was led by Corporate Partner Victoria Zivkovic with support from Greg Mazgajczyk and Anique Khan, Senior Associates, Harry Jenkins and Daniel Eltringham, Associates, and Paul Crighton, Partner.

Victoria Zivkovic, Partner in TLT's Corporate team, said: "This management buyout represents an exciting new chapter for Assembly Techniques and reflects the strength of the business that Carla and the wider management team have built. With a strong reputation, long-standing customer relationships and a clear growth strategy, the business is exceptionally well positioned for the future.

"It was a pleasure to support the management team on this transaction. The successful completion of the buyout demonstrates the value of a collaborative approach across legal, financial and commercial advisers, and we look forward to seeing Assembly Techniques continue to thrive under its new ownership."  

Ash Richardson, Founder of KeySME Business Finance, added: "We were appointed on this transaction to source a competitive, tailored funding package to support the management buyout of Assembly Techniques.

"Working with HSBC, we collectively delivered a flexible asset-based lending structure which will support Carla's ambitions for the business. This has been a rewarding transaction to work on and demonstrates how bespoke funding solutions can help ambitious UK SMEs achieve their growth objectives.

"Thank you to all parties involved for their efforts in bringing the transaction to a successful conclusion, and congratulations to Carla and the wider team. We wish Assembly Techniques every success for the future."

Carla Giles, Managing Director of Assembly Techniques, added: "This transaction is a significant milestone for Assembly Techniques and provides a strong platform for our next phase of growth. As a management team, we are incredibly proud to be taking ownership of a business with such a strong heritage and reputation in the market.

"TLT provided clear, pragmatic advice throughout the process and worked seamlessly alongside our other advisers to help us achieve a successful outcome. Their support and commercial understanding were invaluable in helping us complete this important transaction."

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