3 April 2024
Translink Corporate Finance acted as the lead advisor to Doncaster-based Nationwide Bearing Company (NWB) on its sale to South African listed company Invicta Holdings Ltd.
Founded more than 30 years ago by Paul Birley, Nationwide Bearing Company is a supplier of bearings, bushes, and seals to the agricultural and earth moving machinery aftermarkets.
NWB is highly regarded in the market for quality and reliability and supplies OEMs and international distributors.
Invicta’s acquisition of NWB will contribute to their strategic focus into diversifying into geographical areas in the industries and markets in which the South African company has significant experience and strong management capabilities.
The company will continue to operate as a standalone entity under Invicta’s ownership and will be led by current General Manager, Mark Sabin, who will become Managing Director.
The Translink Corporate Finance team consisted of Declan Savage, Andy Haigh and Luke Harrower with support from its specialist Transaction Tax (Amanda Waterhouse) and SPA Advisory (Emma Oakley) teams.
Translink ran a competitive sale process, working with the firm’s wider international group to evaluate interest received from across the world. Invicta was ultimately selected as the preferred acquiror, having been introduced by Translink South Africa.
Declan Savage, Director at Translink Corporate Finance UK, said: “It has been a pleasure to advise Paul and NWB on the sale to Invicta Holdings.
“Paul has built a fantastic business, developing a globally recognised brand in the agricultural machinery aftermarket.
“This acquisition is a perfect example of our cross-border capabilities for our clients, and we are delighted to have delivered this transaction for Paul and his family.
“We look forward to seeing NWB continued to grow under Invicta and Mark’s stewardship.”
Paul Birley, Founder of NWB, said: “Building NWB to the position it is in today has been my life’s work, so finding the right party to pass it on to was extremely important to me.
“Having held discussions with several parties, both in the UK and internationally, I am confident that Invicta are an excellent fit to lead the next phase of the company’s growth.
“NWB and its employees will benefit from being part of a larger global group and I look forward to seeing the business prosper under Mark’s leadership.”
Craig Barnard, Commercial Director at Invicta, said: “NWB is operating successfully in the British and European aftermarket parts distribution industry and this acquisition provides a platform for Invicta to grow our global ‘Replacement Parts Earth Moving’ segment of the business.
“We aim to realise synergies through our procurement capabilities by sourcing inventory for NWB’s clients on a more cost-effective basis and providing access to a broader range of products.
“In addition, NWB has product ranges which can be cross-sold into Invicta’s existing operations.”
