Sell Side Advisor
Sale of Volumatic Ltd in a management buyout funded by NVM Private Equity
Duff & Phelps Advised Halma plc in Connection with the sale of Volumatic
About Halma PLC
Halma PLC (“Halma”) is a market leader in specialist safety, health and environmental technologies. Halma is an international group with businesses in 23 countries and major operations in Europe, USA and Asia.
Volumatic Ltd (“Volumatic”) designs, manufactures and services a wide array of products that help companies to count cash, detect forged notes and store cash securely. In 2008, Volumatic launched a new product, CounterCashe Intelligent (CCi) which combines counting, anti-forgery, storage and software suites for integration with retailers’ systems.
Role of Duff & Phelps
Duff & Phelps was retained as the exclusive financial advisor to Halma to provide merger and acquisition advisory services in connection with a sale of Volumatic. Duff & Phelps assisted with the global marketing of the business to strategic and financial buyers and managed a tight auction process against a background of challenging financial performance. Duff & Phelps structured an appropriate earn-out mechanism to capture value of CCi growth. Transaction Description Volumatic was acquired in an MBO. The transaction closed on 30 March 2012.