Ansons Solicitors support £21m investment in M&E supplier deal

23rd January 2024

Ansons Solicitors has helped play a pivotal role in the successful completion of a significant £21 million investment for Smethwick-based Metpro Limited, a supplier to the mechanical and electrical trade.

A specialist manufacturer and distributor of cable management and ancillary products, this transaction represents a significant step in Metpro’s history.

Established in 1995, Metpro has secured £13 million from BGF (Business Growth Fund) and £8.5 million from NatWest, with additional capital from existing shareholders.

This investment will bolster Metpro’s product innovation and address the growing customer demand in European wholesale and OEM markets.

Ansons acted for both the management team and, in relation to the new banking facilities, the entire group.

Ansons’ multi-disciplinary team was led by Dudley-based corporate consultant solicitor, Paul Bennett and included Cristine Schneider, Neil Jones and Lucy Davies, with employment and property support provided by Jason Alcock and Alex-Jayne Lowe respectively.

Arthur Rudge, Executive Chair of Metpro commented “We were so pleased that we partnered with Ansons Solicitors and found their support to be first-class.  Their guidance throughout the experience was immense and we felt in very safe hands.”

Paul Bennett remarked “Metpro is a fantastic local business that has achieved great success through innovation, quality and excellent customer service.  We enjoyed working with its impressive management team on a milestone transaction and look forward to supporting the continuing growth of the business.”

To find out more about Ansons Solicitors’ transaction-related legal services and expertise, please click here.