WK Corporate Finance lights the way for exciting new combination
WK Corporate Finance has successfully advised the shareholders of ChamSys Ltd., on their sale to Chauvet & Sons LLC, backed by US private equity firm Cortec Group.
Founded in 2003, Southampton-based ChamSys Ltd. designs and manufactures lighting controllers. Its industry standard MagicQ range is used in some of the most prominent concert, theatre, broadcast and club applications around the world. ChamSys' strong presence in the controller market will complement Chauvet's professional lighting fixtures and LED video panels.
“We are very excited about the opportunity to join forces with ChamSys” said Albert Chauvet, CEO of Chauvet & Sons LLC. “ChamSys has a well-deserved reputation for innovation, quality and value, the same principles that are at the heart of our own Chauvet brands. Together ChamSys and Chauvet are now in a position to better cover and serve worldwide markets.”
ChamSys Managing Director, Chris Kennedy, echoed this enthusiasm. "Chauvet and ChamSys share similar cultures, a strong sense of respect for our customers, an appreciation of our staff and a powerful drive to be the best in our markets,” he said. “This partnership is clearly a logical step for both companies. We deeply appreciate that Chauvet is committed to building on our 14-year heritage so that ChamSys becomes even stronger in the future."
Speaking of the sellers' advisers on the transaction, Rob Holmes from WK Corporate Finance (lead adviser), Chris commented:
"We were extremely happy with WKCF and the service they provided. They managed the process superbly and safeguarded our interests at all times. At any time of day they were always available and ready to help. We wouldn't hesitate to recommend them.”
Jonathan Stein, Partner at Cortec Group, the US private equity firm that supported Chauvet Lighting with their acquisition commented on WK Corporate Finance’s involvement:
“I am sure there is no way this transaction would have happened without you. As a buyer of entrepreneurial companies, we see all kinds of intermediaries, and often all kinds of chaos. You were extremely professional and organised every step of the way and served your client very well.”
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