Overview

Deal closed: December 2024
Oasis M&A mandate: Sell-side
Sectors: Manufacturing of caskets

Background & motivation

The shareholders of Ashton Manufacturing wished to unlock the value created in the business having themselves acquired the business five years earlier. The motivation of the shareholders of Ashton Manufacturing was to sell the company to a party that could consolidate and further develop the business in a meaningful manner.

Challenges

The client had a large but sophisticated register of shareholders with the largest shareholder holding only 16% of the issued shares. This resulted in the need for careful and accurate communication with the stakeholders to ensure a smooth completion to the deal prior to commencement of the summer holiday period.

Approach

Oasis Partners worked diligently both locally and internationally in assessing possible targets. Working closely with the management team to ensure that all information disseminated was accurate and was shared commensurate with qualification.

Results

Oasis Partners identified targets likely to achieve horizontal or vertical gains through the acquisition of our client or seeking some other matching of the assets and its features with the buying criteria.