CORPORATE FINANCE TEAM ADVISES ON OVERSEAS SALE OF GUNCAST
Cottons Corporate Finance has advised Guncast Swimming Pools Limited on its sale to Klafs GMbH & Co. KG, based in Germany.
The two organisations first entered into a commercial partnership in 2016 and the acquisition will enable Klafs to provide a comprehensive package, streamlining the client experience by bringing both brands under the same roof. The Guncast management team will continue to help develop the organisation.
Guncast is one of the most well respected and sought-after swimming pool brands, with offices in West Sussex, Oxford, and Manchester. Klafs is a global leader in the wellness suite market, which includes a range of hydrothermal solutions, such as steam baths, saunas, ice fountains and snow cabins.
Guy Pain, Head of Cottons Corporate Finance, led the advisory team with assistance from Paula Carter and Adam Schofield.
Jack Harding, CEO, Guncast Pools and Wellness commented “This was the culmination of an 11-year long relationship with Guy and the Cottons Corporate Finance team. From the moment we decided to try and sell the business they worked tirelessly and were locked in from day one on delivering this deal for Guncast on time, efficiently, on budget and to a high professional standard, achieving a mutually beneficial agreement between Guncast and Klafs. I am convinced that with the majority acquisition of Guncast, the Klafs Group have taken an important step towards the internationalisation of our Sauna and Spa business and the expansion of our luxury pool division.”
To learn more about the disposal process and how Cottons may be able to help you, please contact a member of the team.