Cattaneo Corporate Finance has encouraged Spirit Bikes, the staff that pioneered the British GP2 Championship, on its acquisition of Talon Engineering for an undisclosed sum. Spirit are the present GP2 champions, getting secured four wins and seven other podium finishes from 12 races.
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Talon is an engineering organization recognized globally for its quality vary of hubs, expertly laced wheels and off and on-road sprockets. Talon solutions are very sought soon after, serving a customer base throughout the world, such as the United states and Australia, from its headquarters and manufacturing amenities in Yeovil, Somerset.
The acquisition will see Spirit’s effective workforce of hugely expert designers and network of former MotoGP engineers convey their know-how and profitable means to a nicely-cherished and respected manufacturer. The team contains chassis qualified Steve Bones, who has many years of knowledge designing and fabricating motorcycles and elements for the MotoGP paddock. Steve will enjoy a critical part in the development and enhancement of Talon. Former taking care of director of Talon, Rob Sartin, will remain with the organization to aid in the transition.
The business enterprise will be run by Spirit Motorcycles founder and essential pioneer of the GP2 Championship, Rod McDonagh. Rod is a eager motorcycle enthusiast and has a 20-five-year background doing the job with businesses like Talon.
The acquisition was funded with the guidance of Arbuthnot Latham by way of its committed business asset-centered lending group, Arbuthnot Professional ABL.
The Cattaneo Corporate Finance workforce of Scott Peters and Martyn Pilley sourced and negotiated the funding package deal, functioning closely with the teams at Spirit, Talon and Arbuthnot to framework and provide the transaction in time for the start of the critical racing year.
Rod McDonagh, owner of Spirit, said, “We are delighted to have combined the Spirit and Talon brand names. We goal to go on Talon’s existing approach of delivering globe class products while escalating our buyer base all over the world. We will merge the skilled understanding of Spirit with Talon’s skilled engineers to introduce new, race high quality solutions to the market place which we think will drive development for the two enterprises.
“The Cattaneo staff have been doing work with me to glimpse at acquisitions, their depth of know-how and connections inside of the funding current market and their tenacity in driving the acquisition approach were being a essential part of finishing this offer successfully. We took wonderful comfort and ease from the way the Cattaneo crew operated and supported me through the offer method.”
Scott Peters of Cattaneo commented, “Spirit’s acquisition of Talon sees a extremely regarded relatives business join the massively talented staff at Spirit Motorcycles. This is exciting news for bicycle fans in all places, the group at Spirit has a potent enthusiasm for bikes and Talon is destined to access new heights below their management. We desire Rod and his workforce every single good results in having Talon forwards and in defending their title in the approaching 2021 British GP2 Championships.”
Keith Rose, Arbuthnot Industrial ABL’s Director of Business enterprise Growth in the Midlands and South West, commented, “Arbuthnot has a real hunger to assistance corporations like Spirit and Talon with gifted administration groups and a lot of possible. We’re delighted to have been ready to structure a total ABL package deal to aid them and glimpse forward to a lengthy and gratifying connection.”
Connection: Spirit Motorcycles