Cavendish

Cavendish advises on GET Group plc deal

Cavendish Corporate Finance is pleased to announce that it has advised the Board of Directors of London listed GET Group plc on a £44m offer from Schneider Electric for the Group, the UK's leading manufacturer of electrical accessories. Founded nearly 50 years ago, it has in the last ten years successfully diversified its business through the introduction of new, cutting-edge product lines.

[Howard Leigh], Managing Director of Cavendish, commented: ''We were very pleased to assist the shareholders of GET achieve an offer that was a 45% premium on the share price and more than a 100% premium on the price only 3 months ago.

Our work for GET is part of a developing trend among quoted companies. What they want is a corporate finance adviser who can help maximize the price, not just do the deal process. Because selling businesses is all we do, Cavendish has a wide lexicon of experience on which it can draw.''

John Joseph, Chairman and founder of GET commented:
''During the lengthy negotiations with Schneider Electric, we received the full attention of Cavendish's experienced and dedicated deal team. Cavendish helped us navigate through a process that was new to us but familiar to Schneider and remained focussed on the commercial terms of the transaction throughout. Working with Cavendish, we have secured a terrific deal for shareholders and one which will be transformational for the business.''

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