Shorts acts as lead advisor on £18 million sale of car parts manufacturer
Shorts recently teamed up with Freeths to act as lead advisors and legal representatives to AML Juratek Ltd in their sale to Brazilian car parts manufacturer, Fras-Le in a deal worth £18.2m.
Founded in 1995, Juratek Ltd supply high-quality automotive aftermarket braking products for both Light & Commercial Vehicles, from its head office in Doncaster.
The Company employs 50+ people and distributes around the world. Matt Robinson (Managing Director), Toby Whewell (Sales & Marketing Director) and Mark Clegg (Operations Director) took over full control of the business in 2019 following a Management Buyout, and the business subsequently acquired Braking specialists Bettaparts in 2021 before now selling to Fras-le.
Andy Ryder, Partner at Shorts commented “Having assisted Matt, Toby and Mark through a number of transactions over the last 4 years, it has been an absolute pleasure to have advised them through the latest stage of the Juratek journey.”
Matt Robinson added: “We were delighted to conclude the transaction with the support of Shorts and Freeths. It is a fantastic deal for the shareholders but also the start of an exciting journey for the company under the ownership of Fras-Le.”
On announcing the news, President and CEO of Fras-le, Sergio L. Carvalho was quoted on Fras-le’s website as saying: “With this strategic action we reaffirm our position as one of the largest portfolios of brands for the auto parts aftermarket, expanding the model that has been working in Brazil for new markets; allowing even more growth, important operational synergies and adding value to our business and quality in delivering solutions to our customers.”
With a long-standing heritage of over 130 years, Shorts has grown from a local business to a nationally recognised award-winning firm which is home to a wide range of experts and specialists.
Shorts supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.
