Law firm Dundas & Wilson has advised the new management team in the private equity-backed buyout of Chemigraphic, one of the largest independent full service electronic manufacturing services providers in the UK.
RJD Partners, a lower middle market investor, backed the deal which will see the sons of founders Frank and Julia Graham take over the business.
Paul and Neil Graham, with 29 years of experience in Chemigraphic between them, will be sales director and operations director respectively.
Bob Adams will join the team as chief executive, having previously held senior level management positions at various electronics businesses, including Thales and EADS.
Simon Sale, who led Dundas & Wilson in advising the new management team, says: “This was a challenging deal, requiring completion three weeks from inception. All parties were focused on the end goal which allowed us to reach a successful conclusion within the tight timeframe.
“The new management team clearly has a deep understanding of the business and the investment from RJD will enable them to use that experience to take Chemigraphic to new customers in their target markets.”
Operating from a 40,000 square foot purpose built office and factory complex, Chemigraphic designs, assembles and installs complex printed circuit board based components and provides a number of related services including design, full assembly and testing and final delivery.
