Livingstone Wrap Up Another Print Deal

  • mar. 2007

The only UK digital imaging company providing a comprehensive range
of digital imaging products and services from small to grand format
– from a business card to a building wrap – has been sold by
its Irish-based owners to its management team and a new backer,
also from Ireland.

With a 3,000 strong customer base comprising national advertising
agencies, retail chains, and blue chip corporate clients as well as
SME’s contributing to £15million of sales annually,
c3imaging proved an attractive proposition for buyers seeking a
company in the most exciting and fastest growing area of the print
industry.

C3imaging already operates from ten locations across Britain and
Ireland but it was its strong potential for significant expansion
that led Dublin-based Kelvinside, who recognised that such a move
would require the backing of a major organisation committed to
supporting the team, to put this highly attractive business on the
market.

A marketing exercise undertaken by Livingstone brought a number of
offers from U.K. private equity houses and integrated finance
providers but late into the negotiation process, O’Flaherty
Holdings, also located in Dublin, made a bid that offered the best
fit of all the potential acquirers.

The already diversified O’Flaherty Holdings, with interests
in luxury car sales, manufacture and distribution of aerial
platforms and property development contributing to an annual
turnover of €1billion was perceived by Livingstone – and its
Irish Global M&A partner CFM – to be able to offer the support
and resources needed to take c3imaging forward.

Deal leader Graham Carberry comments: “Kelvinside has
been an extremely successful operation in the ten years it has been
in existence. It acquired c3imaging – operating from one
Liverpool site – in 1998 when its founder Brian Molloy recognised
the growth potential of digital print”.

“Now it has ten operational sites with the opportunity to
open in Sheffield, Leeds, Birmingham and Edinburgh in a very short
space of time. Brian and his team have developed a business that
has become recognised as the leader in its field. With the UK
digital imaging market forecast to double by 2010 it presented a
most attractive acquisition opportunity”.

“I believe this represents a great result for all parties: a
good price for our clients and shareholders and support for the
management of an excellent backer who will help them to take
advantage of the significant opportunities available to
them”.

Phil McCreanor who heads up the print and packaging team at
Livingstone, adds: “This is another success for our
dedicated print and packaging team – and for the Global M&A
partnership”.

Jeremy Furniss, Partner
Tel: 020 7484 4703
Email: jfurniss@livingstonepartners.co.uk

Graham Carberry, Deal Leader
Tle: 020 7484 4728
Email: gcarberry@livingstonepartners.co.uk


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