The £220m sale of Proseal, on which Dow Schofield Watts advised, has been named International Deal of the Year at Insider’s 2019 North West Dealmakers Awards.
The Cheshire-based food packaging specialist was acquired by Chicago-based JBT Corporation in May in a deal that was one of the biggest in the North West during the year. As the judges noted: “The exit provided ten times multiples and was hailed as an influential international deal for the region.”
The Proseal shareholders were advised by Philip Price, Gerard Lucas and Callum Sellar of Dow Schofield Watts and Dave Wilson at Spinnaker Corporate Finance.
James Dow, founding partner, said: “This recognition in the Dealmakers Awards further reinforces the international credentials and growing reputation of our corporate finance teams here at Dow Schofield Watts.”