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BPE acts for APC Technology Group Plc in £18 million takeover by Specialist Components Limited

BPE Solicitors’ Corporate team has once again acted for long term client and AIM-listed company, APC Technology Group Plc on their recent takeover by Specialist Components Limited for £18.26million.

APC Technology has been providing and distributing specialist electronic components and systems, lighting technologies and connectivity products to a wide range of sectors since 1982. Specialist Components Limited is a private limited company set up by Harwood Capital LLP with the specific purpose of acquiring and making the offer for APC Technology, on behalf of investors.

The investment and support of Specialist Components will enable the growth of APC Technology, enhancing the company’s services to its existing customers and helping acquire new customers through innovative productive offerings.

Led by Corporate Partners Anthony Rudge and Louise Grzasko, with the assistance of Kathryn King, the BPE team advised APC Technology on the takeover throughout the transaction. The team worked alongside APC Technology’s financial adviser, Shore Capital, ensuring all the legalities were in place.

Commenting on the deal, Richard Hodgson, CEO of APC Technology Group Plc, commented: “This deal marks the beginning of the next exciting chapter in the APC story. The financial backing of Harwood will allow the management and staff to fully execute our growth strategy.

“The team at BPE have supported APC in various guises since 2010. Throughout that time, in good times and bad times, BPE have always been a great team to work with, hard-working, pragmatic and full of down to earth sensible, commercial advice. Very importantly in these long, complicated transactions they are also very personable with equal doses of empathy and humour to get you through the hard times.”

Anthony added: “APC is an exciting business with a great potential.  From acting for Green Compliance from its inception, float on AIM and through its growth to being taken over by APC and then subsequently for APC on this takeover, it has been a great journey and we look forward to helping APC and its team deliver on its strategy in the future.”

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