06 April 2017
Sirdar is a UK market leader in hand-knitting yarns. It will now sit alongside complementary needlecraft brands, DMC and Wool and the Gang, previously acquired by BlueGem in August 2016. The combination of these three complementary businesses will deliver real commercial synergies and allow Sirdar to maximise opportunities in the thriving yarn market.
RSM led the transaction on behalf of the vendors from start to finish – offering financial and tax advice on the deal structure and negotiating all aspects of the deal terms to ensure a successful outcome for the vendors.
‘The level of support provided by RSM since advising us on our original buyout has exceeded our expectations. They have understood our business and personal objectives and identified innovative solutions to meet our aspirations. This culminated in our exit, where they provided constant support on this complex and time-pressured transaction to achieve a successful outcome for us all.’
Russell Morris, Managing Director