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Announced

Completed

AFC Industries completed the acquisition of TFC Europe from Foresight Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Machinery: Industrial

Cross Border

Private

Private Equity

United Kingdom

Friendly

technical fasteners

Acquisition

Single Bidder

Majority

Synopsis

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AFC Industries, a supply chain management solutions provider, completed the acquisition of TFC Europe, an industrial machine manufacturer, from Foresight Group, a private equity firm. Financial terms were not disclosed. “It has been a pleasure working with Morgan and the TFC management and supporting the Company to become a leader in its sector. They successfully navigated the pandemic and are providing an invaluable service to their clients in a challenging trading environment. We wish them every success for the future," Matt Smith, Foresight Partner.

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