Andy Parker
27 November '20

2 minute read

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Four transactions completed since lockdown began. Three in the space of a month. The Cooper Parry Corporate Finance team is on a roll.

They recently advised the shareholders of Leicester Tissue Company Ltd (“LTC”) on the sale to Accrol Holdings Plc.

Founded in 2014 by the Tejani family, LTC is a well-invested, fast growing, tissue conversion business, supplying private label and branded toilet roll and kitchen towel to UK customers, including major supermarket multiples and value retailers.

Accrol is based in Lancashire and is a leading independent tissue converter, producing toilet roll, kitchen roll and facial tissue products for many of the UK’s major grocery retailers and many of the large discounters.

Ayaz Tejani, Managing Director at LTC, said:

“Cooper Parry were extremely approachable and more importantly listened to meet our needs. A characteristic that is completely undervalued today. The ability to understand the fundamentals and competitive positioning of the business allowed us not only to maximise shareholder value but unlock further gains. Albeit in a short space of time. I would highly recommend any owner-managed business to work with Cooper Parry going forward in an M&A capacity.”

Niall Chantrill, Associate Director at Cooper Parry, said:

“LTC is one of the great local success stories and we are delighted to have supported the shareholders on this transaction. Under the stewardship of Ayaz Tejani, the business has grown exponentially since its formation in 2014, achieving double digit revenue and profit growth. The business is primed to deliver the next phase of its growth journey and we wish Accrol all the best in achieving this.”