Smith & Williamson advises on MBO of CKF System

Financial Services | Legal | Mergers & Acquisitions | South West
Iain Lownes, Smith & Williamson

The Bristol office of Smith & Williamson, the financial and professional services firm, has advised on the Management Buy Out at Gloucester-based CKF Systems.

Bryan Wheeler and Paul Swift have been joint shareholders of CKF since 1995. The business, based in Quedgeley, is a designer and installer of robotic product handling and automation systems for a largely blue-chip client base across sectors including food, pharmaceutical and automotive.

The transaction ensures continuation of the current development path of the company and provides the established management team with an opportunity to capitalise on the well-invested base during a period when automation of production facilities is at the forefront of the minds of their customers. Paul Swift will continue with the business as a shareholder and member of the management team.

Iain Lownes, partner, and Ronan Brophy, associate director, from Smith & Williamson’s corporate finance team were lead financial advisors on the transaction.

Iain Lownes said: “CKF entered 2020 with an impressive order book and the spread of Covid-19 has accelerated the adoption of robotics and automation worldwide.

“This transaction leaves the company in prime position to work with its impressive client base in the shift towards the ultimate goal of smart factories, where monitoring and maintenance can be carried out by a workforce based at home.”

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