Branta advised the shareholders of Tarn-Pure Holdings Ltd on its sale to HeiQ Materials AG, Switzerland, a wholly owned subsidiary of HeiQ Plc.
Client
Tarn-Pure Holdings Ltd
Situation
Shareholder retirement sale
Outcome
Strategic cross-border sale to HeiQ
Tarn-Pure was a UK-based intellectual property company holding important EU and UK regulatory registrations for elemental copper and elemental silver used in disinfecting hygiene applications.
The transaction gave the shareholders a retirement exit and enabled HeiQ to strengthen its regulatory portfolio in antimicrobial copper and silver technologies.
Tarn-Pure held regulatory registrations that were strategically valuable to the hygiene and antimicrobial markets.
HeiQ, a materials innovation and hygiene technology group, was seeking to expand its product offering and strengthen its position in copper and silver-based technologies.
For Tarn-Pure’s shareholders, the transaction represented an opportunity to realise value from a specialist business and achieve a retirement sale to a credible strategic acquirer.
This was a specialist transaction rather than a straightforward trading business sale.
The value of Tarn-Pure sat in its intellectual property and regulatory position. That meant the transaction required careful explanation of the commercial value, regulatory importance and strategic fit for the buyer.
The deal also had a cross-border element, with a Swiss acquirer and a UK target, and involved a consideration structure split between cash and shares in HeiQ Plc.
Branta advised the shareholders of Tarn-Pure throughout the transaction.
We supported the shareholders in assessing the opportunity, positioning the business and navigating the sale process with a strategic overseas buyer.
Our role included helping manage the transaction process, supporting commercial discussions and working with the wider adviser group to help move the transaction through to completion.
HeiQ Materials AG acquired the entire issued share capital of Tarn-Pure Holdings Ltd.
The announced consideration was approximately £850,000, subject to adjustments for cash, working capital and debt at completion. The consideration was structured as 50% cash and 50% through the issue of new ordinary shares in HeiQ Plc.
The transaction allowed the Tarn-Pure shareholders to achieve a retirement exit and gave HeiQ control of regulatory assets that supported its wider antimicrobial copper and silver technology strategy.
Some business sales are not driven by revenue or EBITDA alone.
In this case, the strategic value sat in specialist regulatory registrations, intellectual property and market access.
Branta helped the shareholders navigate a cross-border strategic sale and achieve a completed exit with an acquirer that had a clear commercial rationale for the transaction.
Support with business sales, acquisitions and shareholder exits.
A structured review of the options available before committing to a transaction or process.
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