Dow Schofield Watts Corporate Finance has advised 4imprint Group plc on the £7.25m disposal of SPS (EU) Limited. The sale is consistent with 4imprint Group plc’s strategy of focusing its resources on the continued organic growth of the 4imprint Direct Marketing business.
Dow Schofield Watts introduced the business to Maven Capital Partners and arranged a staple debt package from PNC Business Credit.
Blackpool-based SPS is a market-leading manufacturer and supplier in the promotional merchandise market. SPS is the UK’s largest provider of promotional merchandise, supplying to over 2000 independent distributors in both the UK and Europe. There is clear scope for SPS to capitalise on their market leading position with the UK promotional merchandise market being worth over £760 million per year.