Moore Kingston Smith advises on sale of imaging and scanning technology specialist
Moore Kingston Smith has advised on the sale of imaging and scanning technology specialist Lake Image Systems to Domino Printing Sciences.
Lake Image is a long-standing client of Moore Kingston Smith having worked with us since its incorporation in 1994. During this time, the business owners worked with our general practice and outsourcing teams, before enlisting our corporate finance and tax teams to help them plan and deliver their exit strategy. Nick Thompson and Matt McRae from our corporate finance team and Tom Acland from our M&A tax team advised the owners on their options and carried out the full sales process. This involved identifying and contacting potential buyers, negotiating offers and providing advice on the due diligence process, culminating in the successful sale.
Lake Image Systems is a world leader in the design, development and manufacture of imaging and scanning technologies for the printing, labelling and mailing industries. The acquisition sees the company become part of Domino Group, an autonomous division of Brother Industries. By joining forces, Lake Image hopes to be able to use the reach of Brother to access new customers both domestically and internationally for their market-leading imaging solutions.
Martin Keats, Managing Director of Lake Image, said: “We are excited to become a part of Domino Group, an award-winning business which we believe will benefit immediately from Lake Image’s existing solutions and product development expertise. The Moore Kingston Smith team have been fantastic business advisers throughout Lake Image’s history and managed the sales process effectively throughout. Their communication with us during the process has been outstanding and their willingness to go the extra mile to assist us has been invaluable.”
Nick Thompson, Corporate Finance partner, added: “Following a long relationship as Lake Image’s business advisers, it has been extremely rewarding to help Martin and his fellow shareholders achieve their goals and join forces with another global leader in the sector.”
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