May 29th, 2019 / Insight posted in Articles

Kingston Smith advises Writtle Holdings on acquisition of digital printing company

Writtle Holdings was considering the acquisition of Showcard Print, a digital printing company specialising in point of sale advertising material. They engaged our corporate finance team to provide financial and taxation due diligence on the transaction, having previously sought our advice on their acquisition of Loewy Group.

Our team liaised with the directors of Showcard Print to gain a detailed understanding of the business. This included finding out how it operated internally and how it was being affected by the external trading environment. Our team used this knowledge to compile in-depth reports that focused on areas most important to Writtle in relation to both the business and the transaction. Notably, this included a recent restructuring project.

Matt Gilmore, finance director at Writtle Holdings, commented: “Both the tax and financial due diligence reports prepared by Kingston Smith were extremely thorough and well received, enabling us to focus on specific points raised during the latter stages of negotiation.”

Nick Thompson, partner in our corporate finance team, said: “It was a pleasure working with both the Writtle and Showcard teams on this exciting acquisition. We wish them both the best of luck in the future.”

The acquisition was through Magnet Harlequin Group, a Writtle Group company, with the aim of extending its range of services in the UK. It will help the group accelerate its ambition to provide the fastest and most cost-effective end-to-end route to market in the sector.

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