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James Cowper Kreston provide transaction support for Panoramic in MBO of Elmelin

Friday 16 August 2019

James Cowper Kreston’s Corporate Finance team recently provided transaction support to Panoramic Growth Equity on their investment to back the management buyout of specialty industrial insulation business Elmelin.

Walthamstow based Elmelin has been operating for over 100 years providing specialist insulation solutions into a range of markets across the globe.  With a focus on the refractory market, over 80% of sales are exported through both distributor channels and direct to the customer.  Elmelin’s strength lies in its ability to develop insulation solutions specific to customer needs, and to provide the resilience and quality required in high temperature applications across a range of markets.

Panoramic Growth Equity are an equity investment firm who work alongside small and medium businesses; they offer advice and capital to allow these firms to reach their full potential. Elmelin is the tenth investment for Panoramic Growth Fund 2.

James Cowper Kreston’s transaction services team worked closely with Panoramic to ensure that financial and tax issues and risks were considered before they made the choice to back the buyout.

Brad McAvoy, Corporate Finance Director at James Cowper Kreston said: “This was the second management buyout we have worked on with Panoramic in the last 12 months.  It was rewarding to see another business and its management team benefitting from the involvement of Panoramic in order to meet its growth aspirations”.