Brexit uncertainty and the weak pound have created the “ideal time” to buy UK businesses according to Lynx Equity vice president Mathew Burpee.
The firm has just made its second UK deal by backing specialist printer Label Express, two months after it picked up London-based kitchen and bathroom products warehousing and distribution business Signalhome.
Lynx vice president Mathew Burpee said, “We believe the current risks and challenges in the UK market present an ideal time to be a buyer.
“By using our US funds to buy in the UK we are taking advantage of the strong US dollar and historically weak UK pound, while also dramatically increasing our portfolio’s geographic diversification.
“We have spent a lot of time evaluating the risks associated with the UK and Brexit and we feel that there are still plenty of opportunities to buy exceptional companies who will remain strong and successful regardless of the future economic outcomes for the country.”
Lynx, which said it expects to make more UK acquisitions, typically invests in SMEs valued at between $1m and $10m.
Label Express has spent 30 years providing fast turnaround specialist labels for the food and drink, health and personal care, household products, automotive, and retail and promotional markets.
Law firm Howard Kennedy advised Lynx Equity on the acquisition.
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