Adams & Remers was delighted to help Mark Smith and the other shareholders to achieve a successful sale of the entire issued share capital of Gamesman Limited, a market leading business in the design and manufacture of products for the international gaming industry.
With manufacturing facilities in the UK, China and USA covering everything from plastic injection mouldings to in-house PCB design and manufacture, Gamesman is a leading supplier to the burgeoning global gaming market and has achieved remarkable rates of growth over the last five years. Esterline Technologies Inc is a New York Stock Exchange registered $2 billion company whose main market is in the US defence and aerospace industry.
The acquisition of Gamesman Ltd provided further opportunity for Esterline to pursue its stated intentions of diversifying its business into the leisure sectors and to expand its non-US based manufacturing and customer base. Denis Staver, Platform President for Esterline Interface Technologies said “Gamesman expands Esterline’s capabilities and market reach with a strong leadership team, great products and an important portfolio of customers in key markets.”
Mark Smith, Managing Director of Gamesman said “I am delighted to have completed the agreement with Esterline, and to be part of an organisation which shares the same principles of product innovation and commitment to customers’ services.”
Mark also said of his corporate law advisers, Adams & Remers, “I just wanted to drop you a quick line to say thank you for your help and support this year in our discussions with Esterline. As you in particular know, this has been an interesting, exciting and challenging process to go through, but certainly made easier knowing that I have had a great legal team behind me.”