Convex advises on Ascot Signs sale to Lifco
Convex advised the shareholders of Ascot Signs Limited, a leading designer, manufacturer, and installer of bespoke brand signage and architectural wayfinding solutions, on a majority share sale to Lifco, the Swedish industrial conglomerate listed on the Nasdaq Stockholm stock exchange.
Ascot Signs – https://www.ascotsigns.com
Lifco – https://www.lifco.se
Founded in 1946 and headquartered in Enköping, Sweden, Lifco is a focused industrial conglomerate whose business concept is to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. The group operates across three business areas: Dental, Demolition and Tools, and Systems Solutions, and at the end of 2024 comprised 257 operating companies across 34 countries. Lifco is guided by a clear philosophy of long-term ownership, a focus on profitability, and a strongly decentralised organisation that allows subsidiaries to maintain their entrepreneurial independence.
Ascot Signs design, manufacture, and install bespoke brand signage, architectural wayfinding and inspired features for the built environment. The company, founded in 1938, is based near Londonderry, Northern Ireland and has 77 employees. Ascot have successfully created and implemented signage and branding project in over 15 countries and are trusted by global brands including Hilton, Salesforce, Guinness, Google and An Post.
In the financial year ended March 2024, the company reported net sales of approximately £16.1m. Ascot will be consolidated into Lifco’s Systems Solutions business area, Special Products division.
“From initial outreach and engagement, all the way to post transaction, Convex were thorough, friendly, competent and reassuring throughout what is an intense process. Highly recommended.”
Alan White, Managing Director
