Business advisory firm Quantuma has advised Southampton-based Polycast International on the sale of its shares to the management team of Uni-Pol, a joint venture between Polycast International and Uni-Metals China.
Quantuma’s corporate finance team, led by managing director Mark Lucas and director Fardeen Nariman, provided lead financial advice to the metal castings company, resulting in a sale which enables shareholders to exit the business.
Established in 2005, Uni-Pol has become a global leader in turbine wheel manufacturing and employs over 800 staff across the world, with operational sites in China, India, Mexico and the UK.
While Polycast manufacture metal castings for the aerospace, medical, marine and automotive industries, Uni-Metals is a manufacturer of cast metal products for the automotive and electrical power industries.
Mark Lucas, managing director at Quantuma, said: “We are delighted to have been able to assist the shareholders in securing an exit. Uni-Pol benefits from a strong management team, who will no doubt continue to execute on the company’s growth strategy.”
Glenn Harris, ex-chairman and group managing director, added: “Mark and Fardeen have worked closely with us for a number of years and have delivered a great result for the shareholders. I wish the management team of Uni-Pol all the very best in executing on their strategic initiatives."