The corporate team at Gorvins have acted for the original founders of Print Image Network (PIN) on the sale of PIN to investment firm Owner Venture Managers (OVM). OVM specialise in acquiring owner-managed business across the UK and now has over 15 portfolio companies. The deal was financed by debt investment firm Frontier Development Capital (FDC).

This deal marks a pivotal moment for PIN, a renowned provider of electoral services, ensuring its continued growth and the successful transition of its founders towards retirement.

Since its inception in 2000 by John Foster and Stephen Power, PIN has become a key player in the electoral services sector, boasting a dedicated team and a strong UK-wide network. The acquisition, supported by a significant loan from FDC, not only aims at expanding PIN but also secures the founders’ legacy, with both John and Stephen retaining a stake and leadership roles in the near term.

The team at Gorvins was led by Corporate/Commercial Partner Christian Mancier and supported by Gemma Lingard (Senior Associate) and Joe Kitchin (Paralegal) from the corporate team with employment law advice from David Rogers (partner) and commercial property advice form Paul Dowdall (Partner). The team at Gorvins provided expert legal guidance throughout the deal, collaborating closely with the team at Hallidays Corporate Finance led by Partner Paul Whitney who provided the corporate finance advice on the transaction for John and Stephen. This transaction underscores Gorvins’ commitment to navigating complex transactions and supporting clients’ strategic goals.

Other advisors working on the PIN transaction included RSM who provided financial due diligence advice to OVM. Pellys provided legal advice to OVM and Squires Patton Boggs provided legal advice to FDC.

Christian Mancier commented “It has been an absolute pleasure to work with John and Stephen throughout this process and to see them reap the benefits of their hard work over the past 20+ years in building PIN up to the market leader it is today. This deal helps John and Stephen move on to the next stage of their lives whilst leaving yet another fantastic Stockport-based company with a bright future ahead of it. The transaction also underlines Gorvins’ ability to deliver complex corporate transactions which include multiple advisors and involves support from a number of different disciplines across the firm.”

On working with Gorvins, Stephen Power commented “Engaging with Gorvins during my recent transaction, I was impressed by the extensive knowledge and support throughout a very complex process. The principals, who are very approachable, were always on hand to explain and advise on crucial aspects in a way that made the decision-making process and the consequences thereof, very clear. Specialist colleagues in various fields present a huge team resource that ensures no matter what aspect may need addressing, there is someone on hand to provide the most appropriate and authoritative advice, all of which is co-ordinated by the primary contact. Overall, an excellent service delivered accurately, effectively and on time.

Congratulations from everyone at Gorvins to John, Stephen, Print Image Network and Owner Venture Managers on this significant milestone.

Let our legal experts contact you

Contact us today!