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Macdonald Henderson Advises on the MBO of ACA Press Cutters Limited – 22nd February 2017 - Click for larger version Macdonald Henderson Advises on the MBO of ACA Press Cutters Limited – 22nd February 2017

Macdonald Henderson has advised the management team in the £6.5m management buyout of ACA Press Cutters, Scotland's leading integrated print finishing operation.

The deal to take over ACA Press Cutters of Inchinnan has been led by print industry veteran Joseph Keenan and Glasgow-based entrepreneur Dara Changizi.

ACA Press Cutters are the market leaders in Scotland, providing print finishing and packaging solutions, growing from its origins creating formes for the local print trade to now being Scotland's largest fully integrated print finishing business.

The transaction has been backed by £2.95m of support from the Royal Bank of Scotland, including a loan, an invoice finance package and a Lombard hire-purchase agreement. The MBO team was advised on corporate finance/accountancy matters by Theseus Ventures.

The leadership team will oversee a team of 80 providing print finishing and packaging solutions from its 60,000sq ft facility. The business will now focus on modernisation and expansion in key areas such as health and safety, ISO and BRC certification, while also investing in new machinery and internal systems.

Mr Changizi commented:

“The successful buy out could not have been achieved without the professionalism, expertise and diligence of David Beveridge and Alasdair Swanson of Macdonald Henderson, whose wealth of knowledge was invaluable to the process”.

Macdonald Henderson, which will continue to advise the company post-completion, is delighted to have advised the management team on this exciting deal, which will allow ACA to put a strategic emphasis on driving sales growth, organically within its current customer base, as well as new customer acquisitions throughout the UK.

Last updated: 9.32am, Wednesday 22nd February 2017

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