EMC Lead Sale of FABCO Sanctuary to Storkogen UK

June 2022

Deal Type

Business Sale

Our role

Lead Advisor

Manufacturing

Fabco Sanctuary Ltd (“Fabco”) the UK’s leading designer, manufacturer and installer of bespoke steel windows has been acquired by Storsgoken UK, the UK subsidiary of Swedish listed group Storskogen Group AB, in a deal led by EMC Corporate Finance.

Storskogen has acquired an initial 80% stake in Fabco. Fabco had annual revenues and EBIT of approximately GBP 11.8m and GBP 3.9m, respectively, for the twelve month period ending October 2021.

Since its establishment in 2008, Fabco has grown to become the dominant market leader in steel windows and products in the UK.  The company has invested heavily in engineering and manufacturing capability and developed a premium range of windows, doors and screens that excel in thermal and security performance while providing superior visual and aesthetic design.

Founder Grant Cane will continue to lead Fabco within the Storskogen Group.

Storskogen investment in Fabco was led by Daniel Manton and Philip Lofgren. The deal is their sixth in the UK.

Grant Cane, founder of Fabco, said:

Bringing in an outside investor is a complex and emotive process and I am delighted to join the Storskogen family.

EMC’s team led by Michael Pay, Ryan Smith and Steve Carroll were invaluable throughout the deal. Their experience in cutting through complex matters and clarity of explanation as well as their level headed approach ensured that everyone kept their eye on the end goal. Their knowledge, skill and professionalism shone through

Daniel Manton, Storskogen UK, continued:

We are delighted with the acquisition and are looking forward to working with Grant and the team to expand the business and to continue to design and manufacture market leading, design inspired products to the domestic, retail, office and built sectors.

We would like to thank EMC for bringing us the opportunity and supporting Grant and the team throughout with their hands on approach to dealmaking and we look forward to doing more deals with them in the future.

Michael Pay, Director of EMC, said:

It is always a pleasure to represent our clients, particularly on crystallising what is often a lifetime’s work. Grant has built up a fantastic business that demonstrates the UK’s strength in design, manufacture and sustainability. The investment by Storskogen shows that the UK remains a compelling investment proposition for overseas buyers. We wish Grant and his team, along with Storskogen, all the best for the future.

Fabco’s shareholders were advised by EMC Corporate Finance (Lead Advisory and Transaction Support), DMH Stallard (Legals), Blue Spire (Tax) and CF2Go (Accounting).

Storskogen were advised by Spencer Legal Consulting (Legals) and Dow Schofield Watts (Accounting and Tax).

The EMC Team

Michael Pay

FCA

Ryan Smith

BSc

Steve Carroll