Caldey Corporate Finance is delighted to announce the sale of B&V Masonry Limited (trading as “stoneCIRCLE”) to Ateliers de France (“AdF”)
The team at Caldey Corporate Finance led by Adrian Dray and Janine Vitali, advised the Board and Shareholders of B&V Masonry Group Limited, the holding company of B&V Masonry Limited (trading as “stoneCIRCLE”) regarding the sale of the business to Ateliers de France, the French based group focused on high quality construction products and building finishes.
stoneCIRCLE is a highly successful stone masonry business, which holds a strong market leading position. Its expertise enables it to work with the most discerning of customers to deliver the very highest quality finished product. stoneCIRCLE works across a number of sectors designing and manufacturing premium solutions that significantly enhance the overall quality of finished rooms, hallways, kitchens and bathrooms in both commercial and domestic environments. It has also crafted many high profile sculptures and installations globally. The business employs 30 staff operating from its Basingstoke base for its UK and global customer base.
stoneCIRCLE is run by Steve and Jeff Vanhinsbergh, who took over the business from their father who founded stoneCIRCLE in 1968.
AdF is a group of companies with the sole purpose of producing the highest quality construction and finishes for both contemporary projects and the preservation and restoration of architectural heritage. The combined history and proficiencies of AdF can be seen in multiple public and private buildings, historical monuments, iconic hotels, as well as exceptional private residences. AdF has been involved in projects as exceptional and diverse as the Château de Versailles or the Hôtel Péninsula and Hôtel de Crillon in Paris, the Oval Office in the White House, the Opéra Garnier, Matarazzo in Brazil, the Hôtel Matignon and the Elysée Palace, and the houses of Yves Saint Laurent.
Steve Vanhinsbergh, Director of stoneCIRCLE, engaged with Caldey with the key objective of Caldey leading and completing a deal with an acquisition partner that fully understood and valued the market position and quality of work delivered by stoneCIRCLE.
Steve commented “Though I have only known Caldey for two years they delivered fully to our objectives. We had no experience of selling companies and Caldey, working closely with our long term advisors LMW Accountants and Phillips Law delivered a great result for us’.
He commented further
“We knew one of AdF’s subsidiary businesses, EDM, prior to this process. Adrian and Janine worked well with AdF’s M&A team to ensure that our commercial relationship with EDM remained strong throughout the process and was in no way impacted by the process. Caldey led all the commercial discussions, negotiations, as well as addressing all AdF’s due diligence requirements ensuring stoneCIRCLE was positioned and seen by AdF, and other parties we were in discussions with, as the highly successful business it is.”.
Jeff Vanhinsbergh added ”We were very pleased to have structured a deal with AdF that combines good value for stoneCIRCLE, while at the same time giving Steve and I the opportunity to continue to work with our customers and staff at stoneCIRCLE over the coming years and genuinely share in that future success.”.
Adrian Dray, Managing Director at Caldey commented “Caldey’s sole purpose is to deliver the best possible result for clients. We appreciate that the Vanhinsbergh family, firstly through Bernard’s drive and subsequently Steve and Jeff’s entrepreneurial leadership, has created a first class business delivering quality products to its high profile customers. At Caldey, we have been totally focused on translating that success into a deal that is structured in a manner that fully values stoneCIRCLE.
We are delighted that as AdF have acquired a significant majority stake in stoneCIRLE, Steve and Jeff both remain as directors in the business and the family still retains a meaningful interest in the future of stoneCIRCLE.”.
Caldey Corporate Finance is an independent advisor to entrepreneurs, owner managers and family-owned businesses. Caldey supports its clients and their business on their journey to value through delivering strategic advice, fund raising and acquisition services as well as exit planning and execution.
www.caldeycorporatefinance.co.uk
Contacts
Adrian Dray
07711 473237
Janine Vitali
07949 026229