Sell-side Advisory to Heads and All Threads

BTG is delighted to announce that it has advised leading European supplier of supply chain management services, Heads & All Threads Limited, on its cross-border sale to NASDAQ listed ParkOhio Holdings Corp.

About the deal:

Founded in 1986, with operations in the UK, Czech Republic, Poland and India, Heads & All Threads specialises in developing vendor-managed inventory programs for fasteners, machined parts and other class C components to multiple end markets, including construction and automotive.

ParkOhio, headquartered in Cleveland, Ohio, is a diversified international conglomerate, providing multinational customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. ParkOhio operates 63 manufacturing sites and 65 supply chain logistics facilities worldwide.

How we made a difference:

• Managed sales process of a complex multi-national business which operated as an informal Group.
• Project managed due diligence and legal processes to enable completion to a tight timetable.
• Successfully negotiated the completion mechanism so as to maximise proceeds for the Seller.