Vendor assistance and tax DD to Marubeni Corporation on its divestment of Spaldings
The Eight Advisory UK Team provided vendor financial assistance and tax due diligence to Marubeni Corporation on its divestment of Spaldings to Inspirit Capital.
Established in 1956, Spaldings has grown to be the UK and Ireland’s largest distributor of tillage aftermarket equipment, as well as an emerging player in professional groundcare, forestry and industrial products.
Lincolnshire-based Spaldings employs over 140 people and has a network of over 30,000 customers, who value the service offering and extensive product range. The business also benefits from a number of exclusive or preferred distribution agreements with leading product manufacturers, as well as an in-house design team focused on the Spaldings own brand product range.
Inspirit Capital is a London-based investment firm that specialises in acquiring businesses that are no longer core to their parent company’s strategic objectives and require a different ownership structure to achieve their full potential.
The Eight Advisory financial team comprised of Rupert Templeman, William Doyle and Archer Tawney.
The Eight Advisory tax team comprised of Dean Lake, Caley Mogg and Tom Sykes.
