We're very pleased to see that Finance Wales' backed buyout of Seren Electrical Supplies has been named Insider's Deal of the Month for June. Our Corporate Associate, Laura Herdman, who provided advice on the transaction, shares her thoughts in the article below.
The Finance Wales-backed buyout of Bedwas-based electrical wholesaler Seren Electrical Supplies by its management has been named as Insider's Deal of the Month for June Managing director Richard Wakeman acquired a majority stake in the company from founders Andrew Hall and Jason Beament. Funding for the transaction came from the Wales Business Fund, part-funded by the European Regional Development Fund through the Welsh Government. Laura Herdman at Capital Law provided advice on the transaction. She said: "Seren were introduced to us by Mervyn Ham of Iridium Corporate Services. Richard leads a fantastic team who we really enjoyed working with. We wish them all the best for the next stage of their journey."