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023 8026 8793
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Meridian advised the shareholders of Ocean Safety Ltd ("Ocean Safety") on their Sale to August Equity.
Based in Southampton with four additional sites around the UK, Ocean Safety specialise on the worldwide supply, distribution services and hire of marine safety equipment including life rafts, life jackets and EPIRBs.
Ocean Safety was a strategic platform investment for August Equity and is now part of Safety and Survival Systems International Ltd (3Si), an international marine safety group servicing the commercial, leisure and military markets.
Richard Besse, joint founder of Ocean Safety said of Meridian, "Thank you very much for all your help over the past three years, the quality of your corporate finance advice was second to none! Your judgement of when to push and to back off in the process was brilliant. It has been a pleasure working with you and look forward to working with you in the future."
Michael Barcia, director at Meridian commented, "The Team and worked with the joint shareholders over a period of time through which we built a great relationship. We turned down a number of offers during the process, but once the right structure was negotiated, we worked closely with advisers on both sides to ensure as smooth a transaction as possible, completing the deal in eight weeks from signing Heads of Terms."
Contact
Meridian Corporate Finance Ltd
Unit 4 Manor Farm Offices, Flexford Road, North Baddesley, Southampton, Hampshire, SO52 9DF
Call: +44 (0)23 8026 8793
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