Howes Percival advises Corby-based Nene Capital on acquisition

2nd May, 2024

Howes Percival has acted for Corby-based private equity investor Nene Capital on its acquisition of precision sheet metal manufacturing business Acegate (Manufacturing) Ltd.

Established in 1995 the Rochdale based manufacturer is renowned for its exceptional, precision-engineered products, manufactured from light gauge sheet metal and tubular section from various materials. Acegate specialises within the retail, automotive, office, furniture and construction sectors.

Howes Percival acted as legal advisers to Nene Capital and advised on all aspects of the acquisition.

The work on the deal was led by our Corporate, Commercial and Banking team (Matt Thompson, Emma Simmonds, Faye Meredith and Miles Barnes) with support from Michelle Woolston – property, Rob Starr – regulatory, Sobia Ahmad – employment and Zara Khan – IP & IT.

Howes Percival’s Miles Barnes commented,

"We are delighted to be able to advise Nene Capital on this transaction. This is yet another deal for a long-standing client who has added a great new company to their rapidly growing long hold portfolio, and we look forward to working with them again as they continue with their acquisition strategy."

"This deal follows a busy start to the year for the Howes Percival corporate team, advising on a large number of acquisitions and disposals across the country. This transaction is a great example of our relationship-led approach, supporting our clients over the long term to achieve their strategic objectives."

Commenting on the deal, Stephen Bayliss, Managing Director of Nene Capital, added:

"We are excited to welcome Acegate Manufacturing Ltd into portfolio 1. This acquisition is a testament to our investment philosophy of fostering sustainable growth in companies that not only lead in their respective fields, but also have the potential to innovate and scale. With Nene Capital’s resources and strategic support, we are confident that Acegate will achieve new heights of success."

"Having worked with the Howes Percival team for a number of years, they’re a key part of our team as we continue to grow our portfolios. They always provide us with pragmatic and commercial advice and were a fantastic support to us on the Acegate acquisition."

For more information on Howes Percival’s Corporate team or help with acquisitions or disposals, please visit our website here.

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