Travers Smith LLP has advised long-standing client Equistone Partners Europe ("Equistone") and management on the sale of Bulgin Limited ("Bulgin"), a leading manufacturer of harsh environment connectivity solutions, to Infinite Electronics Inc, which has a global portfolio of leading in-stock connectivity solutions brands.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner Emma Havas, supported by Senior Counsel Jessica Kolhorn, Associates Rebecca Denton and Matthew Carter and Trainee James Futcher. Finance advice was given by Senior Consultant Andrew Gregson and Tax advice by Partner Russell Warren, Senior Associate Kaleem Khan and Trainee David George-Carey.
Bulgin develops and manufactures high integrity circular connectors, switches, and power-related components, which are environmentally sealed to withstand harsh conditions such as exposure to extreme temperatures, water, and humidity.
Since Equistone’s acquisition of the business from Elektron Technology PLC in 2019 (on which Travers Smith also advised), Bulgin has grown significantly, opening a new site in Tunisia and new headquarters in Cambridge, UK, as well as investing in product development and implementing a new data and analytics platform to support sales. Bulgin now has more than 670 distributor locations spanning 60 countries and six continents. The business employs over 680 people across its locations in the UK, North America, Asia-Pacific and North Africa and offers more than 7,000 products that are used across a wide range of end markets including industry 4.0, robust electronics, transportation and infrastructure, and medical technologies.