The company supplies a wide range of electrical accessories to the trade, ranging from light bulbs and wiring accessories to plugs, sockets, fuses and cable, meeting clients’ electrical needs and requirements. We had been working with the client for some time to support the shareholders to restructure the business and work towards an exit, which included a restructuring of existing finance. We assisted the shareholders to raise funding to enable the restructure whilst seeking a buyer for the company.

Gami Group Limited was established as a vehicle for the acquisition. The shareholders of Gami Group operate in the solar energy equipment space, and see some crossover opportunities with Dencon’s customer base.

The Rickard Luckin Team was led by Mark Brooks and Ella Young (Corporate Finance) and was assisted by our Company Secretarial Team.

The Corporate Finance Team project managed the sale process for the shareholders. We supported the sellers throughout due diligence and helped to negotiate and execute the transaction through to completion.

BTMK provided legal advice to the sellers. LA Law provided legal advice to the buyer.

Patricia Milliken, former FD and shareholder of Dencon said " Rickard Luckin were great all the way through a very difficult sale. They were always available and ready to jump on a call to talk us through the many processes. I would like to thank all of you for your time and effort to make this happen, taking into account dealing with such an historical company!"