discoverIE Group's (discoverIE Group PLC (LSE:DSCV)) Nick Jefferies speaks to Proactive London about the disposal of their Acal BFi to H2 Equity Partners on a debt-free, cash-free basis.
The firm will receive an upfront payment of £45.0m in cash, as well as a £5.0m deferred consideration.
He says the group has developed significantly in recent years, with a substantial and higher growth design and manufacturing business becoming the core of operations.