Gloucester enterprise offered to buyers
Barnwood Point-based Flexmort, a leader in flexible corpse cooling solutions, has been acquired by a group of investors led by Noar Limited.
Flexmort was founded in 2010 by entrepreneur Simon Rothwell, who realized that cadaver solutions needed to be more flexible to handle fluctuations in demand and overcome both manual handling and specific cooling problems.
Having developed a market-leading range, Flexmort’s products are now used in the healthcare, funeral and emergency services sectors around the world.
During the COVID crisis, the company played a pivotal role in equipping hospitals and assisting governments with contingency planning to manage and expand capacity.
Buyers Noar hold a diverse portfolio of UK investments, with investees operating in a variety of market sectors.
Will Lodder, Shaf Bheda and Irfan Ashfak from Magma Corporate Finance acted as lead advisors, with Gary Davie from Legal poeticbusiness providing legal advice to the seller.
Noar’s investment was supported by Chelverton Asset Management with legal advice from Andrew Stilton of Keystone Law.
Founder Simon Rothwell said: “We are very excited to be part of Noar. The move ensures that the company is ideally positioned to take advantage of significant expansion opportunities.
“As with many business owners, I had no experience selling a business, so the support I received from Magma and Legal poeticbusiness throughout the process has been invaluable. Without it, I could not have done it and cannot do it enough.” recommend.” “”
Shaf Bheda added, “Flexmort is a fantastic business and I am confident that the business under Noar’s ownership will continue to expand rapidly. I really enjoyed helping Simon with the transaction and I am delighted that we are personally and for got him the right result the business “.
Mr. Rothwell will play an ongoing advisory role in the business.
