M+A Partners Corporate Finance team have assisted Gardline Shipping and its ultimate parent Royal Boskalis (Boskalis) in the successful disposal of C.A.Design Services Ltd (CADS) and its subsidiary Made by Prosper Ltd (Prosper).

CADS are UK leaders in retail space planning and space planning software and measured site surveys. Established in 1984, they work with several high-profile retail clients, helping them to create more effective and profitable spaces.

Having identified CADS as non-core to the group’s activities, Boskalis selected M+A Partners Corporate Finance to assist with the divestment via a multi-stage, competitive sales process.

The Corporate Finance team provided advice and project management throughout – specific services included validating and approaching potential buyers; analysis and negotiation of offers; managing presentations, Q&A sessions and the financial and tax due diligence process; working with other advisers to assist the drafting of contractual documents; and supporting the client in concluding the transaction.

Scott Lindsay, Corporate Finance Partner commented

“We are delighted to have assisted Boskalis in the disposal of CADS and Prosper and to have provided strategic advice throughout the process of identifying Tern Capital as the buyer most suited to support CADS in the next steps of their technology lead growth plan.”

Cees Visser, Director of Corporate Development for Boskalis commented

“Following a thorough selection process, we engaged M+A Partners to assist us in the corporate disposal of C.A. Design Services and its subsidiary, Made by Prosper. This transaction extended beyond our initial timeline, primarily due to the impact of the pandemic as well as the atypical blend of business activities conducted by these two companies.

Throughout the entire process, Scott Lindsay / M+A Partners team has consistently provided invaluable support in monitoring the companies’ ongoing performance, identifying the right strategic acquirer, and negotiating the transaction documentation. Scott’s professional, assertive, yet empathetic approach has unquestionably played a pivotal role in achieving a positive outcome for all parties involved.”

For further details on the Corporate Finance services offered by M+A Partners please contact Scott Lindsay.

Our Expert