Financial Services specialist Shorts has teamed up with Freeths to act as lead advisors and legal representatives to Doncaster-based AML Juratek Ltd in their sale to Brazilian car parts manufacturer Fras-Le in a deal worth £18.2m.
Founded in 1995, Juratek Ltd supplies automotive aftermarket braking products for 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 said: “Having assisted Matt, Toby and Mark through a number of transactions over the last four years, it has been an absolute pleasure to have advised them through the latest stage of the Juratek journey.”
Matt Robinson added: “This is a fantastic deal for the shareholders but also the start of an exciting journey for the company under the ownership of Fras-Le.”
President and CEO of Fras-le, Sergio L. Carvalho said: “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.
