Multi Fan Systems Limited

Regent Assay Corporate Finance has advised the shareholders of Multi Fan Systems Limited (“Multi Fan”) on the sale of the business to Telford based, Filtermist International Ltd.

Multi Fan, based in Stourbridge, is a strategic bolt on acquisition and will be integrated into Filtermist’s current service offering in the United Kingdom.

Oil mist filters manufacturer Filtermist, part of the Swedish owned Absolent Group, has expanded its service offering in recent years to include the effective removal of dust, fume and smoke from industrial workplace air.

Regent Assay supported founder David Fall and fellow majority shareholders Richard Field and Kevin Hood throughout the process to completion, negotiating and structuring the deal in order for the exiting shareholders to maximise the value realised.

The deal was led for Regent Assay by Guy Hemington and Greg Fowler. Commenting on the deal, Greg said: “The shareholders have built a successful business over the course of the last 15 years and we are delighted to have been able to assist them in realising value. The strategic fit with Filtermist is an excellent one for all parties and we expect both businesses to thrive in the next chapter of their development. We continue to see a range of interesting opportunities to work with owner managers to deliver their strategic goals.”

Weightmans provided legal advice to the exiting shareholders while Legal Clarity and PKF Cooper Parry provided legal advice and financial due diligence to Filtermist.