October 3, 2024
A JOHNSONS CORPORATE DIVESTMENT
Johnsons is pleased to announce the successful sale of a private, mid-sized Australian business to a financial buyer. After facilitating a comprehensive, end-to-end sales and negotiations process, our client – Phoenix Engineering & Manufacturing Solutions – has been acquired by Viburnum Funds for an undisclosed amount. Headquartered in NSW and with interstate facilities in Perth, Phoenix EMS is a fast-growing engineering firm that specialises in the design and manufacture of innovative electrical products. It markets a growing number of proprietary branded product lines, purpose-designed for mining and industrial environments. Its new owner, WA-based Viburnum, is an investment firm with a growing private equity portfolio of mining tech and services businesses.
The team at Johnsons were pleased to act as lead advisors to Phoenix’s directors and would like to extend our congratulations to both the vendor and the purchaser.
In early 2024, Phoenix’s founders decided the timing was right to seek a strategic partner with the capital and resources to support its next phases of growth. They engaged Johnsons to undertake an international M&A campaign, with the objective of finding a new majority owner for the Business. A targeted direct marketing campaign attracted interest from a range of prospective trade and financial acquirers. Offer & Acceptance was secured within 16 weeks of going to market.