91̽»¨

Our M&A team has successfully advised on the corporate carve out and sale of CMD Limited (CMD), a subsidiary of IDEAL Industries, Inc (IDEAL) to Rubicon Partners Advisors LLP (Rubicon).

The client

Rotherham-based CMD is a designer and manufacturer of power distribution and ergonomic solutions in the workplace and makes products such as workstation hardware and power track systems for use in the commercial office, retail, and hospitality sectors. The company employs 158 people and has been a market leader in award-winning products and services since 1988.

The sale represents a strategic divestiture of a non-core asset by IDEAL, a global manufacturer of professional electrician products, high power density connectors, and superior charging systems, to Rubicon, a hands-on industrial investments partnership. The investment will enable CMD to push forward with its continued expansion of innovative product ranges, following renewed demand for high-quality products and services in the workplace.

RSM’s solution

Our M&A and due diligence team supported the preparation of the carve-out financials and a financial factbook, identified suitable purchasers, negotiated all aspects of the deal and project managed to completion on behalf of IDEAL. The transaction will enable IDEAL to focus on growth and innovation within its key products and markets.

Transaction team: Helen Brocklebank, Davin Kandola, Louise Berrie, and James Smith.

Testimonial

‘It was a pleasure to work with the 91̽»¨team, who managed to secure both a new home for CMD as well as a great result for IDEAL. They expertly managed the process throughout and had every aspect under control, enabling us to maintain our focus on running our core business. The team added value to our deal throughout the process, demonstrating the deep knowledge, professionalism, and experience required to deliver such a complex transaction involving multiple stakeholders. We are delighted 91̽»¨successfully found the right partner for the management team in the next chapter of the business’ growth – we cannot recommend them highly enough.’

Steven Henn, CEO

IDEAL Industries, Inc.