Glazing Vision

Price Bailey’s Strategic Corporate Finance team, led by Stephen Reed, was engaged to advise on the transaction and to help management raise the necessary finance to support the transaction. Given this was during the early stages of the pandemic, the lending market was understandably cautious, but with the positives surrounding Glazing Vision, coupled with the specific expertise of Price Bailey in MBOs of such manufacturing businesses, the transaction was able to be completed with funding from Allica Bank.

Jon Shooter, Managing Director of Glazing Vision, said:

We are delighted to have been given this amazing opportunity to continue the growth of Glazing Vision with the existing management team. This will ensure continuity of customer service and performance and enable the company to invest more resources in delivering what customers want. One of our priorities will be continuing international expansion, building on the network we have developed in Europe by adding capabilities in the US and Australia. This will create new opportunities for staff, many of whom have been with the business from the outset, and enable the business to continue its success story from its humble beginnings in Norfolk to one of the leading glazing manufacturers of its kind in the world.

Stephen Reed, Partner at Price Bailey, comments:

“This was a challenging deal in the current environment. Despite being an established business with a proven track record of profitability, High Street banks were unable to finance the buy-out or required terms unacceptable to management. Funding was eventually obtained from a specialist lender called Allica Bank. This transaction puts the business on a firm footing for navigating the current economic headwinds and continued growth and we wish Jon and the rest of the team every success.”